August data shows that unemployment in Colombia continues to fall, standing at 8.6%, the best figure for that month since records began. Unemployment in Colombia continues to fall and, according to data published for the month of August, stood at 8.6% of the active population. Increase minimum wage for 2026At the same time, the country has already begun discussions to define the minimum wage increase for 2026, a debate that each year sets the tone for the nation’s labor and economic agenda. The discussion is key because around 2.5 million workers earn the minimum wage directly, while another 10 million employees see their income adjusted proportionally to the decision. The concern is that a minimum wage set too high could incentivize informal employment, which still affects more than half of Colombian workers.