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Unemployment in Chile falls to 8.9%, approaches pre-pandemic levels

RIO DE JANEIRO, BRAZIL - The unemployment rate in Chile fell to 8.9% in July. That's 4.2% lower than the same period last year and the lowest level since March 2020, when the pandemic hit the country, the National Statistics Institute (INE) reported Tuesday.

The year-on-year increase is partly explained by the low comparison base of the previous year, when the health crisis and quarantine had pushed the unemployment rate to 13.1%, its highest level since 2010, the agency said.

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