And the informal economy is shrinking

Between 2000 and 2009, urban unemployment in Latin America fell from 8.1 percent to 7.3 percent, the biggest ten year drop in three decades. This according to an expansive new United Nations report which you can download here.

The number of workers in the informal economy also fell by about 6 percent (to 42.7 percent) between 2000 and 2009. However, the income divide between those in the formal and informal economies has grown. That's illustrated in the chart below.

About the Author

Most Popular

  1. Equity

    Berlin Builds an Arsenal of Ideas to Stage a Housing Revolution

    The proposals might seem radical—from banning huge corporate landlords to freezing rents for five years—but polls show the public is ready for something dramatic.

  2. Design

    A History of the American Public Library

    A visual exploration of how a critical piece of social infrastructure came to be.

  3. A photo of a design maquette for the Obama Presidential Center planned for Jackson Park and designed by Tod Williams Billie Tsien Architects with Michael Van Valkenburgh Associates.
    Design

    Why the Case Against the Obama Presidential Center Is So Important

    A judge has ruled that a lawsuit brought by Chicago preservationists can proceed, dealing a blow to Barack Obama's plans to build his library in Jackson Park.

  4. Protestors hold a sign that reads "Respect Democracy Our Vote Matters"
    Equity

    The Conservative Backlash Against Progressive Ballot Measures

    In many states, ballot initiatives on expanding Medicaid, limiting gerrymandering, and raising the minimum wage swept to victory in November. Now lawmakers are doing their best to reverse them.

  5. Maps

    Mapping the Growing Gap Between Job Seekers and Employers

    Mapping job openings with available employees in major U.S. cities reveals a striking spatial mismatch, according to a new Urban Institute report.