Meanwhile, salaried workers, who represented almost 80% of all formal jobs, showed a year-on-year rise of 3.3%.
According to the seasonally adjusted series published by the portfolio led by Claudio Moroni, In the last month of last year, the number of employees in the private sector exceeded pre-pandemic levels for the first time (+9,888 workers).
Manufacturing and business professional services explained most of the improvement compared to February 2020, with increases of almost 40,000 jobs in both sectors.yes Growth in construction, commerce, health, electricity, gas and water, and fishing also stood out.
At the other extreme, restaurants and hotels suffered the greatest loss of employment in this period, followed by transportation and communications, and community services.
At the territorial level, the provinces with the highest net creation of private wage labor were Buenos Aires (+21,864), Santa Fe (11,594) and Córdoba (7,431)while those with the highest net destruction were the City of Buenos Aires (-36,185) and Mendoza (-7,553).
“Having returned to pre-pandemic employment levels is undoubtedly good news. However, it must be taken into account that this occurs after three years of strong deterioration (2018-20) and in which the working-age population continued to grow “, warned the director of the Center for Production Studies (CEP), Daniel Schteingart.
“Economic growth is fundamental for the creation of registered private employment. Approximately, for every 1% that the GDP grows, registered private employment grows by 0.75%. And for the GDP to grow, foreign currency is needed. Hence the importance of the transformation of the productive structure, the promotion of exports and the selective and efficient substitution of imports in some branches”, he deepened.
Source: Ambito
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