Overview
- Official data show total registered employment at about 12.83 million in March 2026, a 0.3% drop from a year earlier that equals roughly 40,900 fewer formal jobs.
- Private salaried work drove the decline with an estimated 1.5% year‑on‑year fall in that category and large losses in commerce and manufacturing.
- SIPA recorded a month‑on‑month loss of 10,728 salaried jobs and about 17,685 fewer self‑employed or monotributo registrants in March 2026, marking the first monthly dip in monotributo in five months.
- Preliminary April EIL survey results show a further small fall in private registered employment in sampled urban areas and SRT data report some 26,448 employer firms disappeared between November 2023 and March 2026.
- Average registered wages rose in real terms (gross private pay around AR$2.2 million in March and preliminary April gains) but wage gains have not offset the cumulative job losses that exceed 300,000 since the current administration took office.