The other side of the labor crisis that this area of the country is experiencing due to the exchange difference with Argentina was Maldonado, where it fell to 3.2%.
He Statistics National Institute (INE) released today the labor market data by department for the month of February. While looking at a firm job market in Montevideo and maldonadoand stable in cannelloniemployment conditions on the coast continue to be complicated.
Probably due to the exchange rate difference with Argentina, coastal trade has been particularly affected, and it is a sector that involves many jobs. In this context, Unemployment in Salto exceeded 14%, something that has no recent history. Unemployment also rose in Artigas and paysandu (12.7% and 10.5%, respectively), while in Black river it yielded but due to a drop in the activity rate. It should be remembered that the national average unemployment rate in February was 8.1%
In this way, the panorama of the labor market continues presenting strong differences by region, differences that have become more acute in recent months. While on the coast the panorama is negative, in Maldonado unemployment fell to 3.2% and in Cologne it is at 4.8%, with a rise of half a point compared to the previous month, but notoriously lower levels and below the average. There was a major change in Peachwhere the works of PSU 2 and unemployment rose from 6.4% to 8.2% in the last month.
INE.jpeg
INE
Although the UPM works, the housing investments in the East and the exchange difference with Argentina are factors to consider, it must also be incorporated that, surely, The effect of the drought on the job market begins to have an impact in these monthsdue to the lower movement of merchandise and the lower processing activity in agro-industries.
Informality
Uruguay it also shows strong regional differences in the informality rate, measured through the number of workers who do not make social security contributions. On average, this rate is 20.1% of the total number of employees. But this data averages cases as extreme as Artigas, where informality reaches 45%and Montevideo, where it is 12.6%.
Source: Ambito
