LatinNews Daily - 25 January 2023

In brief: Poverty and unemployment fall in Ecuador

* Ecuador’s national statistics institute (INEC) has released the latest figures on unemployment and poverty, which show that the unemployment rate in December 2022 stood at 3.2% and the underemployment rate was 19.4% - down from 3.8% and 22.9% the previous month, respectively. In year-on-year terms, unemployment was down from 4.1% in December 2021 and underemployment down from 23.0%. INEC also released figures showing that the poverty rate was 25.2% and the extreme poverty rate was 8.2% in December 2022. In urban areas, poverty stood at 17.8% and extreme poverty at 3.9%, while in rural areas the poverty rate was 41.0% and the extreme poverty rate was 17.4%. The overall poverty rate fell by 0.2 percentage points compared with the previous rate recorded in June 2022, while the extreme poverty rate fell by 2.5 percentage points.

End of preview - This article contains approximately 149 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.