Unemployment Rate for Venezuela, RB

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 5.48 percent as of 12/31/2024, the lowest value since 12/31/2019.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.01 percentage points compared to the value the year prior.
The 1 year change in percentage points is -0.01.
The 3 year change in percentage points is -1.56.
The 5 year change in percentage points is -0.401.
The 10 year change in percentage points is -1.35.

The Serie's long term average value is 8.80 percent. It's latest available value, on 12/31/2024, is 3.32 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2017, to it's latest available value, on 12/31/2024, is +0.43.
The Serie's change in percentage points from it's maximum value, on 12/31/2003, to it's latest available value, on 12/31/2024, is -11.31.