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Uruguay's unemployment drops to 7.1% in October

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Staff Writer | December 12, 2016
Unemployment in Uruguay in October fell to 7.1% and marked the lowest monthly record of the year, according to the National Statistics Institute (INE).
Unemployment in Uruguay
LatAm   According to the National Statistics Institute:
In September the index was at 8.4% and a year ago, in October 2015, at 8.5%.

The new index keeps reflecting the usual differences between urban Montevideo, where unemployment was at 6.8% and the countryside's 7.3 %, the INE report showed.

There were also 8.8% of women unemployed, as opposed to a 5.5% of men.

Unemployment increased in 2015 as a result of the slowdown in the economy, closing the year at 7.5%, when 2014 closed at 6.6%. In 2016 the bullish trend was in line with the problems of the local economy.

The first quarter registered an average unemployment of 7.9%. The second quarter 7.8% and the third quarter 8.2%. October marked a drop to 7.1% and data from November and December will determine the yearly figures for 2016.