A study by the Centre for Political Economy also revealed that the number of employers fell by 11,185 between November and June.
According to the latest survey of the Center for Political Economy (CEPA)during the first six months of management of Javier Milei, 232,705 registered jobs were lost in productive units. In turn, the study also revealed that during the same period the number of employers fell by 11,185.
The report entitled “Analysis of labor and business dynamics” also warned that, in inter-monthly terms, June shows an increase of 32,603 jobs compared to May. The study center analyzed that this increase is explained by the increase in 52,471 payrolls in productive units with more than 500 workers. However, in small and medium-sized companies (less than 500 workers), the dynamic of falling employment continued with a monthly loss of 19,868 jobs.
How employment fell during the first months of Javier Milei’s administration
“If you analyze the reduction in employer casesit is observed that the main affected, in these first six months of Milei’s management, are companies with up to 500 workers: 99.5% of total cases (11,128 fewer companies). On the contrary, The number of employers with more than 500 workers accounts for only 0.5% (57 cases)“the report says.
“When analyzing the decline in registered employment by company size, it can be seen, beyond the dynamics experienced in June, that during the first months of management of Milei, the expulsion of workers is more significant in larger companies: 57.5% of job losses (-133,886 registered workers) focused on companies with more than 500 employees. Instead, in the seven months between November 2023 and June 2024, the staff reduction by companies with fewer than 500 employees was lower: their jobs decreased in 98,819 casesexplaining the 42.5% of the total. In percentage terms, while companies with more than 500 workers reduced their staff by 2.80% (from 4,782,973 to 4,649,087), companies up to 500 decreased their allocation by 1.95% (from 5,074,200 to 4,975,381)”, the document adds.
Source: Ambito
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