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Argentina’s Unemployment Climbs to 7.5% in Q4 2025, INDEC Says

Administrative and survey data point to shrinking formal payrolls despite steady participation.

Overview

  • INDEC reports the jobless rate rose 0.9 percentage points from Q3 and 1.1 points year over year to 7.5%, equal to roughly 1.7 million people when projected nationally.
  • Participation held at 48.6% and employment at 45.0%, with informality around 43% and subemployment at 11.3%.
  • Young workers were hit hardest, with unemployment reaching 16.8% for women aged 14–29 and 16.2% for men in that group, as larger agglomerations showed higher rates.
  • Gran Buenos Aires registered 8.6% unemployment (9.5% in the conurbano), while the NOA region was lowest at 4.2% with Santiago–La Banda at 0.6% and Salta at 5.9%.
  • Administrative registries cite 22,608 firm closures since Javier Milei took office and a 1% drop in registered jobs in 2025 (about 106,200), totaling roughly 288,815 registered jobs lost since November 2023.