He National Institute of Statistics and Census (INDEC) will announce this Thursday the Unemployment data of the fourth quarter of 2024. It is expected that – as in the other periods – below 2023, although in the quarterly comparison it could show a rise for reasons “Seasonal”.
He unemployment went up to 6.9% In the third quarter of 2024, this implied an advance of 1.2 percentage points (pp) compared to the same period last year, when it was 5.7%, according to the latest report of the labor market that publishes the INDEC. Meanwhile, in the intertrimestral comparison he presented a decrease of 0.7 pp (of 7.6% vs. 6.9%).
This data is contrasted to the latest permanent household survey (EPH), which includes the “Urban Total”, that is, it is a more complete sample; There it was observed that the unemployment It was located in the 6.4% during the third quarter of 2024which contrasts with the 5.4% of the urban total one year ago. Extrapolated to the whole society, it implies that there are 3,014,400 people without employment.
Unemployment: What is expected for the closing of 2024
In a year marked by the recession and the Public jobs chainsawit is expected that there will be a Interannual Unemploymentwhich would be a consequence of A fall in employed workers, an increase in the number of unemployed, a suboccupation growth and an increase in Argentines looking for employment.
“I do not see major changes compared to the dynamics we brought in the previous quarters. There will be a rise in unemployment in the interannual comparison, although not so significant, and possibly a fall in comparison with the third quarter, since the fourth quarter usually has, for seasonal reasons, a lower unemployment rate,” he said Luis Camposresearcher at the Institute of Studies and Training of the CTA – Autonomous, in dialogue with Scope.
“There are still no concrete data, only indexes on employment, but in unemployment you have to know what happened to the activity. The data shows very low employment creation,” catapulted the economist Juan Graña. While it is known that in CABA the unemployment rose almost 3 points, to 7.5%, from the rest of the country we do not know anything, he added.
CABA unemployment: 50% shot in one year and already affects 7.5%, with greater impact on women
The unemployment in the City of Buenos Aires 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. Within the most affected areas of the CABA, the south.
The number of people without work went from 75,500 in the fourth quarter from 2023 to 113,500 in the same period of 2024.
In addition, the Unemployment rate affected women more hardly, since it reached 7.8%while the male was located in the 5.7%.
In the area Southern citywhere communes 4, 8, 9 and 10 are located, 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.
Source: Ambito
