FX.co ★ Colombia’s Unemployment Rate Falls to 8.0% in May, Extending Labor Market Improvement

Colombia’s labor market showed further signs of strengthening as the national unemployment rate declined to 8.0% in May 2026, down from 8.8% in April 2026. The latest figures, updated on 30 June 2026, indicate a continued improvement in employment conditions during the second quarter of the year.

The 0.8 percentage point drop between April and May suggests that more Colombians are finding work or remaining employed, reflecting a positive shift in the job market. While the underlying drivers of the decline were not detailed, the trend points to easing labor pressures and could support consumer confidence and domestic demand if sustained in the coming months.

With unemployment now at 8.0%, investors and policymakers will be watching upcoming releases closely to see whether May’s improvement can be consolidated, and whether Colombia’s labor market can maintain momentum through the remainder of 2026.