The economy showed again cooling signals in the labor market: in June more than 12,000 private jobs were destroyed, the worst fall since the beginning of 2024. The growth of public employment and monotributistas barely compensated for the decline, leaving the total registered workers practically stagnant.
The Argentine labor market showed in June a new sign of weakness in the private sector. According to the report by the Ministry of Human Capital prepared from the records of SIPA, they were destroyed Around 12,000 private salaried jobswhich marked the worst monthly fall from the first quarter of 2024.
Private wage employment was in 6,256 million people In the desestationalized series, a decline of the 0.2% compared to May. Since September 2023, the sector entered a phase of net employment destruction that, after a brief rebound at the end of the year, showed ups and downs during the first half of 2025, maintaining the levels practically without changes compared to last December.
A labor market that is held in the public sector and the monotax
The fall in private employment was partially compensated by the Incorporation of 7,000 workers in the public sector (+0.2%) and the growth of monotributistaswhich added 12,500 new registered (+0.3%).
Despite these improvements, the total number of people with registered work barely advanced in 4,100 workersreaching 12.9 million formal employed.
The researcher Luis Camposof the Institute of Studies and Training of the CTA-Autonic, warned in its X account: “Did the recession begin to reach the employment data? In June the private sector registered had the worst monthly fall from the first quarter of 2024. It compensated a bit of the increase in the public sector, but in added terms the employment remains unprep. Otherwise, the monotax does not stop up. ”
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Most affected sectors and provinces
Nine branches of activity reduced their staffing. The most marked descents were given in Fishing (-4.9%), Mines and quarries (-1.1%), Transportation and Communications (-0.6%) and Community services (-0.4%). Only teaching and health showed slight increases.
The contraction was not homogeneous in the country: 18 provinces registered casualties in private employmentwith Chubut (-3.5%), La Rioja (-1.8%) and Salta (-0.8%) among the most beaten. Instead, San Juan and Formosa led the increases (+0.4% each).
What happened to salaries, according to SIPA
Finally, the report also relieved the evolution of remuneration. The average gross nominal remuneration of private employees in June 2025 was $ 2,380,439with an increase of 46.2% year -on -year. Meanwhile, the median salary reached $ 1,876,003, 49% more than in June of the previous year. In that same period, general inflation was 39.4%, which means that the income of private workers advanced at greater than the average prices of the economy.
Source: Ambito
