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reached 7.5% and almost 50,000 new unemployed people were added in the first quarter

reached 7.5% and almost 50,000 new unemployed people were added in the first quarter

It represents an advance of 1.1 percentage points compared to the previous year. Of the employed population, which decreased by 1.6%, 74.4% are salaried and 20.9% are self-employed.

Unemployment reached 7.5% of the inhabitants of CABA and showed an increase of 1.1 percentage points (compared to last year) in the first quarter of the yearas reported by the General Directorate of Statistics and Censuses (DGEyC). In addition, the number of hours that Buenos Aires people work grew, since only 26.6% of the employed population declares they work less than 35 hours per week.

The economically active population in CABA was located at 1,671,500 people (-1.6% vs. the first quarter of 2023), of which some 1,547,000 are employed. From this last segment, the 74.4% has a registered job, thus showing an increase in people who have a retirement discount (72.6% vs. 74.5%).

Temporary work grows

10.3% of the salaried population (excluding employees of private homes) is subject to temporary employment, that is, it maintains employment relationships based on fixed-term contracts. This type of employment constitutes one of the dimensions of the “atypical employment” and In the distribution by sex, males predominate.

Besides, and20.9% of the employed population works on their own, which implies a drop of 3 pp. in relation to the same quarter of 2023. According to the report, This segment “explains most of the decline in employment in the period”.

Unemployment is higher among men (54.1%), but Women represent 59.5% of the underemployed population.

Working hours: Buenos Aires residents work longer hours to make ends meet

Jobs with a duration of between 35 and 45 hours per week reach 46.1%Meanwhile he 27.3% of the employed population declares they work more than 45 hours per week.

Jobs with shorter hours than normalized hours constitute the 26.6%, which are made up of 7.8% with less than 16 hours per week -named “changas” or “marginal part-time work” – and 18.8%, which corresponds to the range that covers more than 16 hours and less than 35 hours per week.

Overall, there is a year-on-year drop of 5.1pp. in the employed population that declares jobs with working hours totaling less than 35 hours per week. In volume, they have a decrease of 18.1%.

Source: Ambito

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