The employment registered in the construction activity registered a moderate recovery in August, totaling 348,822 positions, which represents an increase of 0.8% monthly. This was reported by the Institute of Statistics and Registration of the Construction Industry (IERIC).
The report says that “the evolution of August adds to the slight increase of 0.5% seen in July“, managing to mark two months in a row with positive monthly variations, something not seen since March of the previous year.”
“These figures point to a stabilization in the volume of sectoral employment, after a fall that led to the reduction of almost 100,000 jobs registered in the last year”indicated the entity.
An occupation that is at very low levels
The private study maintains that, “although it seems having found a floor in the occupancy volume and this constitutes a very positive fact, The truth is that it occurs at historically low levels, being 13.6% below the average corresponding to the months of August of the 2010-2019 period.”
In this regard, the work indicates that “The comparison with August 2023 marks a contraction of 21.6%while, in the first eight months of 2024, it accumulates a decrease of 19.5% year-on-year.”
“The average size indicator stood at 13.2 jobs per construction company during August, with an increase of 0.5% compared to July,” the report adds.
There is recovery of activity in large companies
The IERIC says that “the continuous recovery of the level of activity in the relatively larger establishments is presented as one of the main points of contrast with what happened in the previous monthswhich has led to the proportion of large construction firms in the structure of registered employment reaching 11.6% of the total.”
The study says that activity throughout the country was positive in a large part of the territory, where only five jurisdictions reduced their occupancy level in the month.
“The provinces of Santa Fe, Salta, Mendoza and Catamarca together contributed 49.4% of the positions of jobs created in August,” the work says.
The report adds that, “in relative terms, the provinces that The monthly recovery of employment volume in August was led by Catamarca (7%), Corrientes (4.4%) and San Luis (3.7%).
On the other hand, the drop in employment in the year-on-year comparison It was widespread throughout the national territory, with the provinces of La Rioja (-66.4%) and Formosa (-63.4%) being the ones with the worst performance in the country..
The number of companies fell in September
On the other hand, IERIC data indicate that In September 2024, there was a 9.5% year-on-year decrease in the number of employers active in the Construction Industrylower than the fall of the previous month.
The number of active employers (18,472), although recovering slowly, represents the lowest level for the month of August since 2006, with the exception of 2020 affected by the pandemic.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
