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INE: Venezuelan Unemployment Decreased from 14.6% to 7.3% in 10 Years

The president of the National Institute of Statistics (INE), Elias Eljuri, affirmed that from March of 1999 to March of 2009, unemployment in Venezuela has decreased from 14.6% to 7.3% despite the figure reaching 19.8% during the petroleum sabotage and coup d’état of 2002.

Last Tuesday on the VTV program Contragolpe, Eljuri stated “This decrease in unemployment is the product of the economic growth of 21 consecutive trimesters and is currently at 7.3% of the national labor force.”

Eljuri said that in 1999 formal employment was around 47.6% and has continued increasing. Currently the figure is at 56.7%. Conversely, informal employment numbers have decreased from 50.2% to 43.3%.


 The INE president continued; “It is important to point out gender issues with unemployment. When President Chavez came to power, female unemployment was 16.1% and is now at 7.4%. Male unemployment has decreased from 13.6% in 1999 to 6.4%,”

Agencia Bolivariana de Noticias, Press Unit of the Embassy of the Bolivarian Republic of Venezuela to the United States / May 6, 2009

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