Overview
- An April UBA labor report finds registered salaried jobs have fallen for nine months in a row, with eight straight declines in the private sector and about 206,000 net losses since November 2023.
- SIPA records show November 2025 shed 23,400 registered jobs for the month and 48,000 over September to November, leaving about 10.01 million workers, which was 111,000 below a year earlier and 294,000 below November 2023.
- Job losses are concentrated in industry and commerce, while mining kept cutting staff for 19 months despite higher output and construction posted a second monthly gain after broad cuts between May and November 2025.
- Cuts spanned small, medium, and large firms and varied by region, with January losses in 14 provinces and gains in 8 and the City of Buenos Aires leading the private‑sector drop with 4,000 fewer jobs.
- The minimum wage’s real value is down about 39% as its updates lagged inflation, and INDEC data show average real pay also fell, squeezing household budgets and curbing spending power.