Despite copper price rout, Chile’s unemployment falls as country adjusts to new reality

March 9, 2016

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Despite losing more than 25 000 people losing their jobs in Chile as a result of the lower copper price, government says national unemployment levels have dropped by more than a half a per cent, as government support and efforts to redeploy the country’s skilled fork force paid off.

As measured at the end of 2015, the unemployment rate had dropped to 5.8%, down from 6.4% in the comparable period, Chilean Mining Minister Aurora Williams told Mining Weekly Online in an interview on the fringes of the yearly Prospectors and Developers Association of Canada convention.

Category: General