Overview
- The Banco Central de Reserva’s March 2026 planilla electrónica data show formal employment grew 4.6% year‑on‑year, equal to roughly 290,000 new formal jobs compared with March 2025.
- Private‑sector formal employment expanded faster at 5.7% year‑on‑year, with companies of more than 50 workers accounting for much of the hiring.
- Services, agriculture and commerce were the largest net job creators, with services adding about 108,000 jobs, agriculture 83,000 and commerce 38,000.
- Total formal payroll (masa salarial) rose 9% in real terms year‑on‑year and the private payroll grew 10.3%, driven mainly by mining and electricity.
- These figures are drawn from high‑frequency electronic payroll records and mark the 24th consecutive month of payroll growth, a pattern that could boost household incomes, tax revenues and the public debate over wage policy.