3,000 formal jobs were created in the last month. Thus, the industry accumulates 33 consecutive months of growth.
The industry accumulates 33 consecutive months of month-on-month growth of the formal employmentwhich means the longest period of expansion since at least 2009.
According to data from Employment and Business Dynamics Observatory of the Ministry of Labour, Employment and Social Securitybased on SIPA, formal private employment in the Industry grew by 0.3% in February compared to January, that is, that generated more than 3,000 formal jobs in a month. In this way, the industry presented the highest level of employment in more than four yearssince April 2018 (1,184,300 people).
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“These data show that, despite the difficult timethe actors of the real economy they are looking at the future with growth expectations. From the economic team, we are advancing with the roadmap that Sergio Massa: order the variables of the economy while maintaining the level of activity and employment through productive financing and industrial policy”, highlighted the Secretary of Industry and Productive Development of the Nation, José Ignacio de Mendiguren.
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Year-on-year growth in formal industrial employment
In year-on-year terms, the growth of formal industrial employment in February 2023 was 4.0%with compared to the same month of 2022. While in contrast to pre-pandemic (December 2019) the increase was 8.8%that is, approximately 96,000 additional formal jobs.
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The industrial data is given within the framework of a overall growth in private registered employmentwhich in February exceeded 6,350,000 formal wage earnersthus recording the highest level since at least the last 14 years. According to him Employment and Business Dynamics Observatoryhe Private formal employment grew by 4.2% in February in relation to the same month of 2022 and 0.2% compared to January (12,831 new jobs in one month). Compared to the pre-pandemic (December 2019), they already represent 304,285 additional jobs. So they accumulate 31 consecutive months of monthly creation of private formal employment.
Source: Ambito
