The job market recovery slowed and began to show some signs of deterioration in November, reporting the first negative numbers after six months of progressing amid the COVID-19 pandemic.

According to the National Occupation and Employment Survey (ENOE), despite the fact that the unemployment rate fell from 4.7 to 4.4% compared to what was observed in October, this was due to a decrease in the Economically Active Population (EAP ).

By sectors, an increase of 266 thousand workers in construction was reported, which, according to Banco Base's economic analysis, could be related to the start of some infrastructure projects between the government and the private sector in the last quarter of the year.

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