The private sector lost 119,000 workers in the Javier Milei era

During the first 12 months of the government of Javier Milei (December 2023 to November 2024), the registered employment In the salaried private sector registered a fall in 119,000 positionspassing from 6,385,000 to 6,266,000 workers.

As for public employment, there was a fall in 51,000 workerswhile private house staff decreased in 15,000 positions. On the other hand, the number of monotributistas increased in 25,000reaching 2,062,000 registered.

In general terms, the total registered workers In Argentina it was reduced from 13,392,000 to 13,281,000according to the official data of the Labor Secretariatdependent on Human Capital Ministry.

How much formal employment fell

During November, formal employment 0.1% fellwhich represented the loss of 16,500 workersconsolidating a trend of eleven months with falls or stagnation In the first year of management.

While private employment registered a slight creation of 2,400 positions in Novemberthe monthly variation was practically null (0.0%). The official report attributes this evolution to Recent changes in the regime of monotax and social monotaxthat would have affected the dynamics of independent work.

In December, private employment decreased a 0.2% Regarding the previous month, which was explained by seasonal factorslike the fall in the sectors of Construction and teaching.

Performance by sectors

According to the Labor Indicators Survey (EIL)the variation of private employment in November and December showed disparate behavior between the sectors:

• Manufacturing industry: Growth of 0.1%.
• Commerce, restaurants and hotels: Without changes (0.0%).
• Transportation, Financial and Social Services: Decrease between 0.0% and -0.5%.
• Construction: Fall of 1.9%according to its seasonality in December.

Salary evolution

According to these official data, from December 2023 to October 2024, registered wages grew Below inflation In each month. However, in November The trend was reversed and the salary increase exceeded price increase.

• Average gross salary in November 2024: $1,423,257with an interannual increase in 172.8% (Faced with inflation from 166%).
• Gross Salary Medium: $1,077,793with an increase in 166.5% In the annual comparison.

Despite partial recovery in November, the Real Salary of December 2024 He was still 9 percentage points below December 2017 and 11 points below December 2015.

Finally, the Ministry of Labor also revealed that during the second semester of 2024an average of 14 Conflicts with unemployment per monthwhich represents the Lower level of conflict since 2006.