Medellín and the Metropolitan Area are now on the list of cities with the lowest unemployment rates in the country, with 9,9 percent for the second quarter of 2014. While Medellín’s rate is still far from the national unemployment rate, which was 9 percent between April and June, it still dropped below 10 percent sooner than expected. Last year it didn’t reach that level until the third quarter.
The number of employed people in the Aburrá Valley rose to 1,785,000, an increase of 76,000. The sectors mainly responsible for the increase are construction, real estate, and retail.