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Latin Times

Business

Pedro Camacho

Latin America's Unemployment Falls to 15-Year Low, but Structural Gaps Persist, International Labour Organization Reports

International Labour Organization Latin America Unemployment ILO

Mexican taco restaurant (Credit: Via Pexels)

Latin America and the Caribbean reached one of the lowest unemployment rates in the past 15 years during the first half of 2025, according to the International Labour Organization's Panorama Laboral 2025 report.

The ILO found that the regional unemployment rate declined to around 6 percent, supported by a stable labor-force participation rate of approximately 63 percent and an employment rate close to 60 percent.

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