Since its management began in December 2023, the president Javier Milei and the Minister of Deregulation and Transformation of the State, Federico Sturzeneggerthey applied An important cut on public employment. However, and beyond what happened with the National Public Administration, Private employment also reflected a significant fall andduring the first 13 months of management, 94,800 people lost their work.
In detail, the data emerges from the latest report of “Situation and Evolution of Registered Work” of the Ministry of Labor, Employment and Social Security. The construction, hotels and restaurants and community, social and personal services They emerged as the most affected sectors for this fall in private employment.
How private employment evolved since the arrival of Javier Milei
As revealed by the report, during the first 13 months of libertarian management a total of 94,800 people lost their jobs. In this way, registered employees went from 6,379,100in December 2023, at 6,284,300 in January 2025.
In this sense, the report states: “formal employment in the private sector began a Net destruction stage from September 2023, a trend that It was accentuated during the first quarter of 2024with an average monthly drop of 0.4%. However, since April 2024, employment contraction began to moderate, with an average monthly reduction of 0.2% in the second quarter. “
On the other hand, the report reveals that, as of July, the market began to demonstrate a slight recovery. However, the rhythm of job creation was slow – 47,600 new positions during the second semester – and did not reach to compensate for what happened during the first half of 2024. In addition, the last data available (January 2025) shows a monthly variation rate, without seasonality, negative (-0.1%) with 8800 lost jobs.
If all categories are taken into account, the total registered workers It was reduced by 13 months from 13,413,300 to 12,853,800according to the data of the Ministry of Labor. This means one reduction of 559,500 jobs.
“It is evident that the growth of formal employment accumulated during the last four months is limited in relation to verified contraction in the previous months and compared to the expansion of the economic activity observed during the last months,” the study explained.
What sectors were the most beaten by the fall in private employment
In detail, the most affected sector since the arrival of Milei to the Presidency is the of construction, which had a fall of -7.5%which represents a decrease of 30,000 workers. Other branches beaten, although to a lesser extent, were; Hotels and restaurants (-2.8%); Community, social and personal services (-2.6%); Transport, storage and communications (-2.3%), and manufacturing industries (-1.9%).
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However, if the data of the last month are taken (January 2025), Construction reflects a slight recovery (0.7%). On the other hand – and despite the summer season – hotels and restaurants continued with their fall and closed the first month of the year with a 1.3%decrease.
Public sector numbers
The chainsaw is one of the Great symbols of the government of Javier Milei And this concept was carried out largely on public employment. According to the data of the Secretariat that Julio Cordero, the National Public Administration with 3,527,600 employees in December 2023, the moment of the assumption of the libertarian leader.
On the other hand, the last available data (January of this year), indicated that the total number of national public sector workers is 3,401,600 workers. Thus, the reduction was of 126,000 jobs.
Source: Ambito
