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Unemployment in Latin America to hit highest level in more than a decade - ILO - Metro US

Unemployment in Latin America to hit highest level in more than a decade – ILO

An abandoned warehouse is seen in the port area in Rio de Janeiro

SANTIAGO (Reuters) – Unemployment in Latin America and the Caribbean will hit its highest level in more than a decade this year, 10.6%, and rise further in 2021 as the coranvirus pandemic weighs on the regional economy, the International Labour Organization (ILO) said on Thursday.

The ILO said in a report that Latin America and the Caribbean would end this year with an estimated 30.1 million people unemployed. The regional unemployment rate would climb further next year to 11.2%, the U.N. body said.

(Reporting by Fabian Cambero, writing by Daniel Flynn)

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