The unemployment In the city of Buenos Aires It grew more than 50% in the last year and jumped from 4.6% to 7.5%. In just 12 months they joined 38,000 new unemployed. He south Caba is the most affected area. Unemployment impacts more on women than in men.
The Porteño Statistics and Census Institute (DGEC) explained Thursday that the number of people without work went from 75,500 in the fourth quarter of 2023 to 113,500 in the same period of 2024.
Unemployment in city: women and southern zone, the most affected
The report highlights that unemployment 50.7% grew in interannual termswith a most marked impact on women. The female unemployment rate reached the 7.8%, while the masculine was 5.7%.
In addition, in the area Southern citywhere communes 4, 8, 9 and 10 are located and the highest levels of poverty are recorded, The unemployment climbed 9.2%, when a year ago it was 5.1%.
The increase in unemployment occurs in a context where more people are looking for employmenteven those that are already occupied, due to the loss of purchasing power of households.
The Active city population amounts to 1,700,000 peopleof which 1,586,000 are occupied and 113,500 unemployed. Among those employed, 11.5% looked for another job in the last 30 days.
The private sector concentrates most of the impact: 93% of the unemployed had their last occupation in private companies, 85.5% worked in the services sector and 72.8% had been in their position for less than five years. In addition, 71.7% of those who lost their employment were wage earners and 26.2% worked independently.
Labor informality in the city
The report also warns about a phenomenon of “Atypical Employment”: he 6.9% of employees (not counting domestic service) are under temporary contracts o Precarious working conditions, with labor agreements that include payment of days for illness or pay vacations, but without job stability.
As for the informality, 15.7% of employees lacks retirement contributions and basic labor rights, while 7.9% access only some benefits without pension discounts.
If the domestic employment, Informality is even greater, since this sector has a high proportion of unregistered workers. Unemployment in the city is not only greater than that of a year ago, but also exceeds the registered at the end of 2022, when the rate was 5.8%.
Source: Ambito
