Argentina’s job market shrinks as labour lawsuits soar
Formal work is thinning out, with record lawsuits and a record share of workers in the informal economy. The post Argentina’s job market shrinks as labour lawsuits soar appeared first on The Rio Times .
Argentina's job market is contracting, with a growing number of labor lawsuits and a higher proportion of workers in the informal sector. According to industry projections, a record 137,800 new labor lawsuits are expected in 2026. This surge in legal disputes is coupled with a shrinking formal workforce, which has lost over 235,000 private registered salaried jobs between November 2023 and April 2026, a 3.7% decline.
The informal sector has expanded to encompass 44.2% of workers, the highest level in recent years. The combination of fewer formal jobs and a higher number of people in vulnerable employment creates economic instability.
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