Only three sectors showed improvements since December 2023 but among the three, they added just over 44,000 jobs, a figure that barely compensates for half of the lost in other branches such as construction and industry.
According to official data from the Labor Secretariatwage employment registered in the private sector accumulates A loss of 127,000 positions since September of last year. In contrastonly three sectors showed improvements since December 2023: trade, agriculture and fishing. Among the three, they added just over 44,000 jobs, A figure that barely compensates for half of the lost in other branches such as construction and industry.
It should be noted that, since the assumption of President Javier Milei, The destruction of formal employment reached 95,000 positionswith the construction as the sector most affected by the suspension of public works.
The fall of employment contrasts with the tendency of the last decade. Between 2012 and 2023, private wage employment grew on average 30,000 positions per year. However, the last two years marked a net reversal of more than 115,000 jobs.
The precarization the other great scourge
The number of independent workers under the monotax regime grew by 58.8% in that period. Today, more than 2.1 million people work under this figure, without plenary labor rights.
In March 2025, seven of the fourteen sectors relieved showed employment drop. The biggest losses occurred in industry manufacturing, construction, agriculture and teaching. On the contrary, the trade, gastronomy and personal services items led the (modest) increases.
EMPLOYMENT COMPANIES
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Employment falls into the main conglomerates of the country
The Survey of Labor Indicators (EIL) of the Ministry of Employment revealed that formal private salaried employment It was reduced for the fifth consecutive month in the main urban agglomerates of the country. Between December 2023 and April 2024, the accumulated fall was 1.9%. In April alone, the setback was among the most severe since 2002, comparable only with critical moments such as the 2020 pandemic or the economic collapse of the beginning of the century. In interannual terms, the decrease was 1.2%.
INDEC data on the first quarter of the year will provide a more complete panorama of the effects of the recession. According to private projections, Unemployment would have exceeded the historical minimums last December, when it marked 5.7%.
Source: Ambito
