Colombia"s urban jobless rate fell to 14.2% in August from 19.6% in the same month last year, the government statistics agency said on Thursday, based on surveys in the 13 biggest cities. The national unemployment rate was 12.3%, down from 16.8% a year earlier, the DANE agency said. The urban jobless rate is more closely watched by financial markets than the national figure. Nearly 70% of the workforce is in large cities. Unemployment figures are not seasonally adjusted and can be volatile, usually depending on factors like peak shopping periods and vacation months. For the full report go to: here Urban National Unemployment Unemployment August 14.2% 12.3% July 15.0% 14.3% June 17.1% 14.4% (Reporting by Bogota newsroom Edidting by Matthew Lewis)