The unemployment rate in Colombia stood at 8% in May 2026, the lowest for that month since 2001. The Ministry of Finance reported the creation of 956,000 new jobs during the first week of the government transition process.
The Ministry of Finance of Colombia presented the balance of the first week of the transition process between the outgoing and incoming Government, with data that marks a milestone in the labour market. The unemployment rate in May 2026 was recorded at 8.0%, the lowest level for that month since 2001, according to the ministry.
This result was accompanied by the creation of 956,000 new jobs, a figure that the Ministry highlighted as one of the main economic indicators of the period. The balance aims to expose the results of the transition and underscores the positive evolution of employment in the country.
90% Sunday surcharge and stance on interest rates
Among the central announcements of the week, the Ministry confirmed the entry into force of the 90% Sunday surcharge, a measure that is already in effect and affects workers and companies. The ministry also set its position regarding the latest decision of the Board of Directors of the Bank of the Republic on interest rates.
The Government defended a broader reduction than that ultimately adopted by the issuer. According to the Ministry, the Executive proposed a cut of 50 basis points in the interest rate, while the majority of the Board opted for a smaller adjustment. Minister Germán Ávila explained the official stance during the session of the body.
Public debt and coffee sector: extension of the National Coffee Fund
The balance also included an analysis of the evolution of public debt in Colombia, with comparative figures from different government periods. The Ministry highlighted the importance of maintaining responsible management of public finances and showed the trajectory of the indicator throughout different administrations.
On the coffee front, the National Government and the National Federation of Coffee Growers formalised a five-month extension of the management contract of the National Coffee Fund. The measure was adopted while a new agreement is being constructed. The Ministry specified that both parties signed the extension to ensure the institutional continuity of the fund.
For Colombians, these announcements have direct implications: the 90% Sunday surcharge is already in effect and affects workers who work on Sundays. The drop in unemployment to 8% and the creation of nearly a million jobs are positive signs for the economy, although the labour market still faces challenges.
The transition process continues, and the Ministry of Finance will continue to present weekly balances. Upcoming announcements may include more details on fiscal policy and new agreements with the coffee sector.
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