The formal labor market had a small respite in Aprilwith a monthly increase in 0.1% in the number of registered workers. Although in front of November 2023, more than 180,000 jobs were destroyed. The salary is not at its best: the purchasing power continues beaten, fell for the fourth consecutive month and, with the provisional data of May, already accumulates a 5.5% decline.
In April there were 12.8 million people with registered employment, some 14,600 more than in Marchaccording to the report of the Ministry of Labor, Employment and Social Security. Within that universe, The employees added 10 million and the independent workers (monotributistas and autonomous) were 2.7 million.
Salaries fall and are below 2023
The average gross nominal remuneration was $ 1,679,334, with an increase in 0.2% in front of March, and the median salary, meanwhile, was $ 1,232,516 and recorded a rise of 2.44% monthly; while April inflation was 2.8%.
With the projected data of May based on collective agreements, the salary fell again in that month. Thus, assets are already 1.4% below November 2023when the government assumed Javier Milei, According to the economist Luis Campos.
“Salaries do not stop falling and is assimilable to a strong crisis: the decrease of 5.5% between January and May is very important, similar to what happens in inflationary crises. This shows the regressive and recessive channel of the salary anchor for lower inflation“He analyzed Federico Pastrana, of CP consultant, In dialogue with Scope.
For public employment, the dynamic is even worse than that of the private with falls of up to 31.6% real compared to 2023. “The salary setback since the late 2023 is very important and arrives, on average (national and provincial state), to the 15.5%. In the case of the National State, the fall is shocking: against November 2023 it was 31.6%, “said Campos.
Mild improvement in private employment, while falling in private homes
He private wage employment registered an increase in 0.2% Monthly, reaching 6.28 million workers. In this way, he cut a streak of oscillations that included casualties in January and March. The trend, according to Pastrana, is “stagnation”, since it grows a month and falls to the next without a firm tendency.
He Public Sector It also grew, although only 0.1%, while the Work in private houses a one fell 0.3% monthly and accumulates a 3% year -on -yearreflecting the crisis in the Employers households. “In April 2025 the number of workers registered in the sector was the lowest of the last 12 years”said Campos.
Independent work, in general, remained stable. However, the Social monotax It continues in free fall: in April a 1.6% monthly was reduced and in the year -on -year comparison the decrease reaches 63%, after the regulatory changes and the reparaction that excluded those who did not meet the billing or contributions requirements. For its part, the Common monotax grew 0.3% in April and self -employed fell 0.2%.
“The accumulated fall of jobs was 183,447 since November 2023, with a very marginal recovery in relation to the minimum of mid -2024”according to Campos.
What sectors generated more employment
Nine sectors of the economy generated employment in April, while five registered falls. Among those who grew the most are:
- Agriculture: 1.6%
- Construction: 0.8%
- Real estate and business activities: 0.4%
- Commerce and repairs: 0.2%
- Teaching: 0.2%
In contrast, employment fell into Fishing (-1.4%), exploitation of mines and quarries (-0.6%), transport and communications (-0.2%), community services (-0.1%) and manufacturing industries (-0.1%).
“The star in the private sector is trade. Against November 2023, it accumulates an increase of 24,295 workers. The countercara is the industry with 32,455 less workers. For its part, the initial blow to the construction was stronger, but it has been recovering,” said Campos.
Source: Ambito
