Unemployment fell to 5.7% in the third quarter, according to INDEC

Unemployment fell to 5.7% in the third quarter, according to INDEC

Meanwhile, the demanding underemploymentwhich includes people who work 35 hours a week and want to have more hours, It reached 6.8% against 7.6% last year.

For its part, non-demanding underemployment stood at 3.5%, almost at the same previous level, which was 3.4%.

On a population of 29,464,000 people able to work in the 38 urban agglomerations registered by Indec, Unemployment would affect 814,000 peopleaccording to the organization’s calculation.

“This unemployment rate represents a formal labor market that is increasingly less representative because what has grown in recent years is informal work and because those who are within this registered work have lost quality,” analyzed Matías Ghidini, CEO of GhidiniRodil and author of the book, My Work Now.

Why have they lost quality? “Because within registered work, according to data from the Ministry of Employment, Labor and Social Security, monotributistas have grown by 58% in the last 10 years, public employment has increased by 23%, self-employed workers have fallen by 6% and “Private employment has expanded by 5%. On the other hand, 2023 will be the sixth consecutive year where the average salary for personnel outside the agreement will lose against inflation, a 155% adjustment, when inflation will be close to 180%,” he added. Ghidini.

Unemployment by region, gender and age

The regions that showed the highest unemployment rate were Greater Buenos Aires and Pampeana, with 6.2% and 6.1%, then Patagonia with 5% and Cuyo with 4%.

Regarding youth unemployment, for women between 14 and 29 years old the rate was 12% and for men between 14-29 years old it was 11.9%.

Source: Ambito

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