Overview
- In November 2025, the INDEC salary index rose 1.8% versus 2.5% inflation, marking a third straight monthly loss of purchasing power, with private registered pay up 2.1%, public 1.2% and unregistered 1.7%, and a 1.7% real drop over September–November.
- INDEC’s Q3 2025 snapshot shows 22.668 million total jobs with 11.063 million registered salaried positions, 5.669 million non‑registered and 5.936 million self‑employed, meaning informal plus self‑employed workers now outnumber registered employees.
- Compared with Q3 2023, registered salaried jobs fell by about 222,000 while non‑registered rose by roughly 231,000 and self‑employed increased by around 400,000, concentrating growth in more precarious categories.
- Within private registered employment, the biggest losses hit construction (−88,000), manufacturing (−46,000) and transport and storage (−38,000), while domestic service leads unregistered work with 1.152 million, followed by commerce (851,000), agriculture and livestock (632,000) and construction (574,000).
- Coverage links the shift to fiscal strains and policy debate, noting that in the year after the Law Bases, roughly two‑thirds of new jobs were self‑employed and about one‑third were unregistered, with minimal growth in registered salaried positions.