The unemployment rate in Bolivia reaches 7.38%

According to data from the National Statistics Institute (INE), up to April, the rate of the unemployed population in urban areas reached 7.34%, the highest since February 2016 (6.48%). In the micro, small and medium enterprise sector (Mype) some 150,000 business units have gone bankrupt and left more than 500,000 people unemployed. 73% of industrial companies estimate that they will reduce their workforce by 2020, and 49% of factories expect this reduction to be between 11% and 50%. The public administration and social services; agricultural industry, commerce, restaurants and hotels, manufacturing and construction concentrate 84% of workers nationwide.