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Argentina’s Registered Private Jobs Fall for Fourth Month, Down 49,000 Since June

The shift toward monotributo contrasts with broad declines across sectors and provinces.

El Gobierno atribuye al sector de la construcción la recuperación de 0,2% en la generación de trabajo privado registrado
Explotación de minas y canteras, uno de los rubros que más bajó el empleo.
La entrada de la sede del Departamento de Trabajo de Estados Unidos, cerca del Capitolio, en Washington, el 7 de mayo del 2020. (AP foto/J. Scott Applewhite)
El empleo asalariado registrado volvió a caer en septiembre, mientras el monotributo absorbió parte del ajuste laboral.

Overview

  • September’s SIPA data show 6.198 million registered private salaried workers, a monthly drop of 10,600 jobs or 0.2%.
  • Total formal employment reached 12.84 million in September, with 10.05 million registered salaried workers and an overall monthly decline of 0.1%.
  • Sectorally, six industries cut jobs in September, led by mining (-0.7%) and manufacturing (-0.4%), while only fishing (+3.5%), utilities (+0.1%), and education (+0.1%) grew.
  • Seventeen of 24 jurisdictions lost private salaried jobs in September, with the steepest falls in Tierra del Fuego and Misiones (both -1.2%) and the largest gain in Chubut (+1.0%).
  • Independent work fell 11.9% year over year due to a 63% plunge in monotributo social after rule changes, even as monotributistas increased month to month; CEPA and LCG also report sizable employer and registered-job losses since late 2023 as Congress debates labor reform.