Informality
Colombia's unemployment rate falls to 8.2% in October 2025
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Dane reported that Colombia's unemployment rate in October 2025 was 8.2%, the lowest for an October since 2017, with 2.1 million people unemployed. This marks a drop of 0.9 percentage points from October 2024. However, Andi warned about the rise in labor informality amid job creation.
Grupo Cibest warned of high labor informality and vulnerable self-employment in Colombia, despite job creation recovery. Dane data showed an unemployment rate of 8.8% in March. The report highlights challenges including 55.6% informality and wage growth without productivity gains.
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IMSS data show the average contribution salary hit a record of 663.50 pesos daily in March, up 7.1% nominally. Yet, formal job creation in the first quarter was the weakest in two decades, excluding past crises. This boosts informality and underemployment, analysts say.
Anif has warned about the consequences of 'intermittent formality' in Colombia's labor market, affecting the accumulation of quoted weeks and social protection. According to Asofondos, only one in four workers accesses a pension due to persistent informality. This leads to employment precarization and challenges for the retirement of millions of Colombians.
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Colombia's National Association of Entrepreneurs (Andi) called for targeted initiatives to tackle labor informality, which remains high according to Dane data for September 2025. Gremio president Bruce Mac Master stressed the need for ongoing monitoring and sustained economic growth. He also opposed a new tax reform that could harm competitiveness and jobs.