Chile's October unemployment likely to be unchanged

Chile's unemployment rate for the month of October is expected to be at 6.4, as per the market consensus, being unchanged from that of previous month's value.

If Chile's growth will not deteriorate again, the labor market can remain well resilient. An improvement in growth from current levels seems unlikely at the moment, with the challenging external environment.

"We expect the unemployment rate to remain unchanged in October at 6.4%, assuming 1.9% yoy growth in both the labour force and employment", says Societe Generale in a research note.