The Minister of Labor and Social Security (MTSS)Pablo Mieresreported in March there were 2,527 fewer workers in unemployment insurance compared to the almost 45,500 who were in that situation during the month of February, implying a drop of close to 5.6%.
Recently, the head of the MTSS assured Subrayado that, in March, the number of workers in unemployment insurance was 42,988, meaning a reduction of around 3.7% year-on-year.
Likewise, Mieres stated that the employment is at “very good levels” in “quality” and “quantity”, since there was also a reduction in informality and a “record” number of workers registered in the Social Security Bank (BPS).
Asked about the specific sectors that continue to have unemployment insurance, Mieres maintained that the items are “varied” and that the “reduction is general.” “I don’t notice that there is any particular situation,” he said.
“March is a month that in general is always better than February and January, but that is why it is good to buy it with March 2023, where we have fewer workers than a year ago,” he said.
Employment recovered slightly in February
He employment grew 1.3% year-on-year in February and reached 58.9% of the population, with more than 1,725,000 employed workers, according to the National Institute of Statistics (INE)which represents about 47,000 more employees than in the same month of 2023.
Compared to February 2020, pre-pandemic, Uruguay It has about 104,000 more employees, while the employment rate It went from 56.4% to 58.9%. In parallel, the unemployment rate It stood at 8.3%, with more than 156,600 unemployed workers, an interannual variation of 0.2% and an improvement of 0.3% compared to January of the current year.
Source: Ambito
