Although the Unemployment rate He scored in the fourth quarter of 2024 its lowest value so far from the government of Javier Milei (6.4%), Argentina’s labor market continues: Since November 2023, almost almost 188,000 Salarized jobs desestationalized between the public, private and private houses sectors. Although in October 2024 they were destroyed almost 200,000 jobs, The specialists in the sector ensure that the new jobs that were created were “precarious”since there was a growth of adherents to monotax regime.
Between November 2023 and December 2024 – Mile – the labor market lost 118,019 jobs recorded only from the private sectoraccording to the data relieved by the Secretariat of Labor, Employment and Social Security of the Nation. So much so, in the last month of the year the jobs grew in 5,885 in the desestationalized series compared to November 2024, which implies an increase in 0.1%.
In addition, like the Government chainsaw was applied hard on public employment, In that sector there was a loss of 1,058 positions in the last month, while from the assumption of the libertarian administration an destruction of 51,840 jobsincluding both national level and subnational jurisdictions.
This way, 169,859 salaried positions were lost between November 2023 and December 2024. “In the contrary of the official discourse, which argues that the private sector will absorb the job offer resulting from the mass dismissals in the state, the fall is greater in the private sector (-1.9%) than in the public (-1.5%)”, they emphasized from Strain.
“Not only employment fell strongly in 2024, but also, there is a tendency to precariousness.”said the economist of the cessation, Federico Zirulnikin dialogue with Scope.
Growth of other work modalities
The countercara of the loss of quality employment is an increase of the people who joined the monotax regime. While in the last month there was a reduction of 1,789 Postssince November 2023 they grew up in 37,362 Unseested positions.
However, this incorporation of workers into the monotax is far from compensating the loss of private wage employment, which more than tripled the number of people who remained outside the formal labor market (118.019).
In addition, due to the purchasing power fall of the workers, the amount of jobs in the private houses regime also fell. Since November 2023, they were destroyed in this category 17,882 jobs. Accounting private, public and private houses, the amount of job losses amounts to 187,741 Between November 2023 and December 2024.
The tendency to labor precariousness is also observed in the last report of the Labor Market of the National Institute of Statistics and Census (INDEC)which shows that the unemployment rate grew from 5.7% to 6.4% between the fourth quarter of 2023 and 2024. In the report it is observed as while the registered employment falls (33.7% vs. 33%), the accounts rise (12% vs. 12.6%)Zirulnik analyzed, who also added that this data coincides with those of the Sipa.
The unemployment figure reached 7.7% in the first quarter and from that pronounced fall began to recover, although tibly, since, as the economist points out Federico Pastrana of CP-ConsultantsTowards December employment only recovered 15% of the lostwithout seasonality.
“The increase in unemployment occurred in conjunction with a worsening in the quality of existing employment. Compared to the previous year, the employment on their own grew, while the number of employees (mostly those registered) was reduced,” they added from CP Consultant.
In parallel, within employees, the participation of unregistered increased from 35.7% to 36.1%between the fourth quarter of 2023 and 2024.
It should be noted that, Unemployment mostly affected young people and in particular women, as well as workers With lower income. The youth unemployment rate is 13.8% in women, while in men it drops to 12.5%.
The construction was the sector that lost the most jobs in the Milei era, but in December the recovery headed
If the evolution of employment is analyzed from the assumption of Javier Mileiit is observed that the 54.6% of the total positions lost in the private sphere (64,401 of the 118,109) is explained by the lack of occupation in the sector of the sector construction product of the government’s political decision to paralyze public works.
When analyzing the evolution of employment during December in relation to the activity sectors, it is observed that in December 2024 seven of the fourteen sectors recorded fall in the number of workers. Among them, they stand out Manufacturing Industry (-2.561), Transportation, Storage and Communication (-1.457) and Agriculture, Livestock, Hunting and Silviculture (-1.200). On the other hand, the sectors that traced the growth were: Construction (+3.747), Commerce (+2.985) and real estate, business and rental activities (+2.967).
According to him Andrés Salinaseconomist and researcher at the University of La Matanza, within the sector of Tradethe greatest expansion of construction during the last month of the year, which reached May 2024 levels, suggests a slight recovery.
EMPLOYMENT: EXPECTATIONS FOR 2025
“The data that advance the employment situation for January anticipates a weak creation. The entry rate again recovered to August 2023. However, business expectations regarding the hiring of personnel were reduced considerably, while the expectations of reduction increased,” they analyzed from CP-Consultores.
For his part, Salinas said that “the informality It is still a problem in Argentina, with more than 8 million informal busy in the last quarter of the year and without specific policies that accompany, it is difficult to shrink this number or reverse the trend. “
“This 2025, the industry can become decisive, we must wait to see if internal demand or exports drive to that sector to know if it will be a driver in this year or not. In summary, a gradual recovery of formal employment is expected if the economy grows, but informality and industrial weakness propose challenges to the future,” concluded the specialist.
Source: Ambito
