Unemployment in Argentina reaches 7.9%, highest level since 2021
Unemployment figure represents jobless people available for work and actively seeking employment as a percentage of the economically active. Leer más
Argentina's unemployment rate surged to 7.9% in the second quarter of 2023, the highest figure since 2021, according to data released by the national statistics bureau INDEC. The rise in joblessness, up 0.3 percentage points year-on-year and 0.1 points from the previous quarter, reflects the growing number of people actively seeking employment.
Out of the total population, 48.9% were found to be economically active, with 45% employed. Despite no significant changes in employment or unemployment figures year-on-year, the proportion of economically active individuals increased by 0.8 percentage points from the same period last year. Informal employment also saw a notable rise of one percentage point compared to the same quarter in 2022.
Inland urban areas experienced the most substantial increases, with unemployment and underemployment figures rising by 1.3 and 0.9 percentage points, respectively, reaching 7.6% and 9.1%. The self-employed accounted for 37.3% of the informal sector workforce, marking a three percentage point increase.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
