Chile Unemployment Rate stands at 9.28% as of May 2026, up from 8.75% a year earlier. The reading sits in the 74th percentile of its history back to 1986.
| Latest (May 2026) | 9.28% |
| One year ago | 8.75% |
| 10-year range | 6.63% – 12.54% |
| All-time range | 5.49% (1998) – 14.49% (1986) |
| Standing | Highest since 2021 |
| Change over 12 months | +0.5 pts — bottomed at 8.32% in 2025 |
| Percentile vs. full history | 74th |
| History | 1986–2026 (485 observations) |
The share of Chile's labor force that is out of work and looking for a job. Unemployment is a lagging indicator on the way down but a powerful early signal on the way up: sustained increases from a cycle low have historically been among the most reliable markers of a downturn taking hold. Because labor data is published promptly and revised little, it anchors the growth pillar of most macro frameworks. Data: harmonized unemployment statistics via the OECD.
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<a href="https://www.tacticalassetallocation.com/charts/chile-unemployment-rate/">Chile Unemployment Rate — Cambria Chart Lab</a>
Data: download CSV (source: OECD key economic indicators).