UC Survey establishes that the labor market recovered and the level of employed people exceeds the level reached prior to the pandemic

More than two years after the arrival of the pandemic in the country, the market continues the path towards the recovery of jobs. Although during the last months this slowed down, the survey of the Center for Surveys and Longitudinal Studies of the Catholic University, revealed that during the first week of April, the total number of employed reached 9.16 million people, rising for the first time above the number of people employed prior to the arrival of the pandemic in March 2020.
In detail, the survey shows that the level of employment during the first week of April is 96,000 jobs above that existing before the pandemic.
In any case, they maintain that although it was possible to recover the level of employed people that existed before the arrival of Covid-19 in Chile, which was 9.16 million, as during these two years the population of working age has increased by 447 thousand people, it is still necessary to recover 165 thousand jobs.
The figure contrasts with the latest data provided by the INE, which established a greater magnitude of the labor emergency of 3.4 times greater, where there are still 556 jobs to recover.
Regarding the employment of men and women, the study indicates that women register an employment level of 4.97 million, surpassing the 3.84 million prior to the pandemic. In this way, the female employment rate reached 48.6% in April. A situation disparate from that registered by men, who must still recover 188,000 jobs, thus placing the employment rate at 66.2% in April, 2.4 points less than there was before the pandemic.
According to the survey, the labor participation rate is still lower than that registered before the arrival of Covid-19 in the country. They have recovered by 13.4 points since July 2020 and are at the highest level since the start of the pandemic. However, it is specified that “it still exhibits a fall of 2.2 points with respect to pre-pandemic labor participation.”

Original source in Spanish

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