Unemployment Rate (Monthly)

South America Ranking

percentSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Colombia	9.34	6-2023	1	10.03
2	Chile	8.53	6-2023	2	8.81
3 ↑	Uruguay	8.5	1-2023	4	7.8
4 ↓	Brazil	8	6-2023	3	8.8
5	Venezuela	6.4	12-2018	5	7.3
6	Argentina	6.2	6-2023	6	6.9
7	Paraguay	5.83	6-2023	7	6.48
8	Bolivia	3.14	4-2023	8	3.33

The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.