The amount of companies that They stopped contributing to the labor risk system between April 2024 and the same month of this year It was reduced in 7,697 productive unitswhile The number of employees with coverage fell by 66,750.
This is indicated by the data of the Superintendence of Occupational Risks (SRT), that can be taken as an indicator on dynamics of companies and employment. The data corresponds to the period in which, according to With the official explanation, the economy began to recover after the initial adjustment of the Government of Javier Milei.
Last year There were 9,686,478 employees with coverage and 504,497 companies employers while now became 9,610,728 and 504,497, respectively. The fall was 66,750 employees and 7,697 companies, which implies 0.7% and 1.52% contractions, respectively.
April2025
For this it is necessary to look at the activity data. In April 2024, the monthly estimator of the economic activity (EMAE) had marked a monthly 0.1% drop. In May it had grown 2.3% year -on -year and 1.3% monthly and in June, although it had dropped 3.9% per year, compared to the previous month it barely fell 0.3%.
But if the complete series is analyzed, the economy began to grow at 5.5% per year only in December. The positive data were consolidated in the last quarter. In fact, EMAE registered an interannual drop accumulated in 2024 of 1.8%. You could say that in 2024 the activity was “lazy” almost all year. Nevertheless, Despite the lower comparison floor, employment does not evolve.
Rebound of activity without employment recovery
The consultant Labour, Capital & Growth (LCG) raises in a recent study that “with data to April 2025, in the year -on -year comparison, most of the productive sectors showed a activity recovery. “” This is due to a low comparison base: The activity was very beaten in April last year, ”says the report.
LCG argues that “The most curious thing is the simultaneity of recovery of the activity and interannual fall of employment in much of the sectors “and points out that” the recovery is not necessarily generating jobs (still). “
More in detail, the consultant says that “This effect is observed even more powerful in industry subsectors.” “The only item that was positive in both variables was food and tobacco,” says the work.
According to LCG, that can be explained because “Companies are operating with less personnelwhat can have different explanations. ”
One of them is a “reorganization of the production and greater use of capital due to the high cost in dollars of labor ”. In fact, it is noted that the importation of capital goods was in a historic peak in the first quarter of 2025.
The other reason is “The use of previous idle capacity, which allows to produce more without taking new personnel” And a third element is “uncertainty regarding growth that is still erratic.”
Why not generate employment
LCG warns that “if the comparison is made against November 2023 (last month prior to the change in management), a fall both from activity and employment for almost all industrial subsectors, showing that the rebound initiated in April 2024 still fails to rebuild the pre-adjustment level. ”
According to a report of the Argentine Political Economy Center (CEPA) In the comparison against the beginning of libertarian management, numbers are substantially aggravated by the dismissal of public employees. The Studies Center indicates that 15,557 employers were lost. In the same period, 237,445 jobs were destroyed. But of them the sector with the greatest absolute loss of employment was “Public Administration, Defense and Compulsory Social Security” with 138,617 less workers.
On the other hand, it is indicated that in relative terms, The most hit sector was the construction, with a drop of 17% and that 99.7% of lost companies have up to 500 workers. Only 0.3% corresponds to companies of more than 500 workers.
Source: Ambito
