The data shows a fall of 3.5 percentage points (pp) compared to the 11.7% registered in the same period of the previous year and a 1.4 pp decrease compared to 9.6% in the previous quarter. It happened in the middle of Less restrictions on mobility due to the Covid-19 pandemic, which the Government established as of March last year.
In this way, the unemployment rate is lower than before the Covid-19 crisis and is also below the 2019 averages (9.8%); 2018 (9.2%) and 2017 (8.4%).
To find a level lower than the current 8.2%, we must go back to the fourth quarter of 2017, when it marked 7.2%, prior to the financial crisis. And to find a figure lower than the same period, we must go back to 2015, when the indicator was 5.9%.
The official body added that the activity rate in the third quarter of the year rose 0.8 percentage points and stood at 46.7% (45.9% previously), while the employment rate was 42.9% (41.5% previous) in the same period.
It is worth noting that the employment rate for women recovered faster, in the third quarter of 2021 it was 45.9%, 6.5 pp more than the same period of 2020
“We are experiencing a very strong recovery in employment, which in the third quarter was fully explained by its growth in the private sector. 422 thousand jobs were created in the quarter. It is consistent with how vibrant the recovery in production is being. and investment “, commented the Minister of Economy, Martín Guzmán.
Source From: Ambito
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