Thus, since January 2020, 67,000 more jobs have been added to the sectordespite the fact that public works -one of the main drivers of the same- is located below the regional average with respect to the Gross Domestic Product (GDP), according to reports from the Economic Commission for Latin America and the Caribbean (ECLAC).
The The sector thus turned around from its lowest peak in July 2020 (308,570 jobs) due to the impact of sanitary restrictions on the coronavirus pandemic, to be close to its historical records of 458,433 and 458,147 jobs from June 2015 and November 2017respectively.
The expansion of construction firms’ plants existing jobs accounted for much of the growth in employment, although in August, for the first time so far in 2022, the new employer onboarding was the main impulse.
Likewise, the official report stated that most jobs were created outside of large jurisdictions and especially in the regions of whose and northeast.
In the year-on-year comparison, between August 2021 and August 2022 there was an increase in jobs of 17.9% according to INDEC.
The data is in line with the indicators of other organizations: according to the Employment and Business Dynamics Observatory (OEDE) of the Ministry of Labor there was a year-over-year increase of 15% while the Institute of Statistics and Registration of the Construction Industry (Ieric) calculated a 16.6%.
“Public work is an equalizing strategy, which impacts the lives of all the people who inhabit the Argentine territory, and strengthens economic activation, with a federal perspective,” said the national director of Transparency, Roxana Mazzola.
Source: Ambito
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