During the third quarter of this year, 17 jobs were created compared to the previous quarter.
He Center for Development Studies (CED) published his Macroeconomic Bulletin based on employment data published by the National Institute of Statistics (INE) where it establishes net employment growth with 58,000 jobs, exceeding the absolute levels of 2014.
The employment rate stood at 58.5% of the total in September. Working Age Population (PET), reaching levels similar to those recorded in 2016. According to the report, this is due to better performance in the interior of the country. Added to this is the fact that the employment gap with respect to Montevideo fell to historic lows.
Regarding the labor market, it continued to be dynamic during the third quarter of the year with a creation of 17,000 Job positions compared to the previous three months. Compared to last year, a total of 58,000 net jobs were created in this period, exceeding absolute levels from 2014.
Meanwhile, the sectors that most showed an increase in the number of jobs, Differentiating the years 2021 and 2022 from the current one, they are commerce – with 14,000 jobs generated compared to the previous year –, in second place, industry with 10,000 jobs compared to the previous period. In third place is construction, with another 10,000 positions and in fourth place is transportation with 5,000.
Finally, regarding unemployment, the rate was stable at around 8.3% of the Economically active population (EAP)marked by a context of strong increase in labor participation in the last moving year.
In conclusion, the report highlights that “the labor market continues to show certain resilience to the different shocks that the economy has gone through in recent months,” among which is the drought, the deterioration in international economic conditions and the relative price difference with Argentina.
Source: Ambito
