Colombia Jobs: 578,000 Created in a Year, but Farming Lost 204,000
COLOMBIA · ECONOMY Key Facts —The headline: Colombia created 578,000 jobs in twelve months, a solid recovery on paper. —The exception: Agriculture lost 204,000 jobs over the same period — drought and low farm prices are biting. —The quality problem: Seven of every ten jobs added in July were self-employment, not salaried work. —The warning: […] The post Colombia Jobs: 578,000 Created in a Year,…
Colombia has added 578,000 jobs in the past year, but the agriculture sector has lost 204,000 jobs due to drought and low farm prices. Most of the new jobs are self-employment, without stable salaries or social security benefits. Farm employment, once a buffer for the job market, is shrinking, leaving workers more vulnerable. The labor market adds 578,000 jobs per year, but the quality of these jobs is poor, with 70% being self-employment.
The employers' association warns that post-earthquake economic fallout could push more workers into informal work. The informal sector does not pay income taxes or social-security contributions, which is problematic for government finances. While the headline number of new jobs is positive, the quality of these jobs is poor, and the recovery is not yet deep enough to be considered a genuine improvement.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
