In the second month of the year, 14,000 jobs were created in the private sector, but 10,100 were lost in the state. There was also a real 2.5% drop in March wages.
Formal wage employment registered a slight improvement in February, but since Javier Milei is president, a negative balance of 182,000 jobs is verified. In parallel, weak wage data were known.
This Thursday the Ministry of Labor published a new report with data from the Argentine Integrated System (SIPA). They indicated that in the second month of the year 14,000 labor sources were added in the private sector and 1,500 in private homes, which were partially counteracted by a loss of 10,100 jobs in the state.
In parallel, they registered 16,000 new monotributistasalthough 10,400 social monotributistas less. In the case of self -employed, there was a setback of 1,900 workers.
Salaries suffered a strong blow in March
On the other hand, SIPA reflected that salaried workers’ salaries in the private sector fell 2.5% real In March. In addition, he corrected the previous data down, so the income of this segment of the Argentine population (the one that usually has greater rights and job stability) did not exceed the level of November 2023 as the government said, but 4.5%.
In this regard, the director of the CP consultancy remarked that “the distance with other indicators, a sign of the importance of the peers.” “Agreement wages are still fundamental for salary determination. Given the current dynamics of pearly, this discussion is central to macroeconomic revenues and derivations, “he said in his X account.
This week Indec had published its salary index March, which reported a 2.5% nominal increase for registered workers, against inflation that accelerated 3.7% in the same month. As far as Milei’s government goes, they accumulate a real 6%drop; Public lost more than 15% in that period, while private ones increased just 0.9%.
Source: Ambito
