Unemployment Rate for Paraguay

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 6.09 percent as of 12/31/2024.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.299 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.299.
The 3 year change in percentage points is -1.22.
The 5 year change in percentage points is -0.502.
The 10 year change in percentage points is 1.06.

The Serie's long term average value is 5.66 percent. It's latest available value, on 12/31/2024, is 0.433 percentage points higher, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/1995, to it's latest available value, on 12/31/2024, is +2.69.
The Serie's change in percentage points from it's maximum value, on 12/31/2002, to it's latest available value, on 12/31/2024, is -3.30.