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Colombia’s unemployment rate dropped in November to 7.3%, announced Minhacienda, Colombia’s Finance Ministry, along with statistics agency DANE yesterday. The new rate reflects a drop of 0.4 percentage points over the 2014 statistic. The rate in the 13 largest cities was measured...

Yesterday, President Juan Manuel Santos, along with Finance Minister Mauricio Cardenas and Labor Minister Luis Eduardo Garzón, signed into law Decreto (Decree) 2552 of 2015, setting the Colombian monthly minimum wage at $689,455 pesos. This power was given to the executive branch...