He unemployment rose to 7.9% In the first quarter of the year, which represents around 1,800,000 unemployed. The data implies a rise of 1.5 points compared to the anterior quarter (fourth quarter of 2024) and an increase of 0.2 points from 7.7% recorded in the same quarter of 2024, according to data from the data of the data of the National Institute of Statistics and Census (INDEC).
In this way the unemployment rate (measured as unoccupied in relation to the economically active population – PEA) reaches its highest level since 2021. For its part, the activity rate reached the 48,2%while the employment rate (proportion of employed on the total population) was 44,4%.
However, what most warn the expert It is in him GENERAL DETERIORATION OF THE LABOR MARKET that express the indicators. They highlight an increase in labor informality (measured as an increase in the proportion of employees that are not registered) and an increase in employment on their own.
Keys to the deterioration of the labor market
Unemployment: If the interannual comparison of the unemployment rate is practically the same, that is, the “photo” of the first quarter of 2025 is just a little worse than the photo of the beginning of 2024 when the devaluation adjustment, layoffs, etc., is that the situation continues to be “just as criticism”.
Looking between first quarters 2024-2025, year-on-year not to put noise of seasonality, the 2025 labor market is equal to the full adjustment of the devaluation of 2024, price lack of control, etc.
It is not a good image. pic.twitter.com/p4inxbCyKi
— John M. Create 🧡 (@JuanMGrana) June 19, 2025
As was happening, the unemployment rate is higher in the youths. But now it is also highlighted that this characteristic worsened, especially in women. Among those who are from 14 to 29 year, female unemployment rose from 17.3% to 19.2% and that of men from 14.1% to 15.1%.
Subsemination does not compensate the unemployment: Federico Pastrana, of CP-Consultants, remarked that “underemployment is practically at the same levels as in the first quarter of 2024 (in fact, something below) and fell with respect to the previous quarters. That is, he stopped compensating the unemployment.”
Professor growth: Self -employment grew from 21.9% to 23.5% from one year to another. This is what the researcher of the CTA-AUTONOMA, Luis Campos. Work studies often conclude that in times of crisis this sector of independent workers acts as a “refuge” in the absence of employment in dependency relationship.
Do not stay with the marginal increase in unemployment (7.9% in the first quarter of 2025 against 7.7% a year ago). The important thing is the change within the occupation: the account of the proportion (from 21.9% to 23.5%) and the unregistered employees (from 35.7% to 36.3%) grew strongly)
– Luis Campos (@luiscampos76) June 19, 2025
Informality growth: Likewise, another aspect that highlights Campos with respect to the INDEC report is the growth of employment not registered within employees, from 35.7% to 36.3% between the first quarter of 2024 and the same as 2025.
In turn, the informality rate From the set of employed workers, 40.8% rose to 42%. As INDEC complements, among employees “36.3% do not have a retirement discount, that is, they are informal. Within informal employees, 17.1% make their own contributions.”
In this regard, the sociologist Daniel Snewing He said that “only 46% of employed people had wage employment registered in the first quarter of 2025. It is the lowest level since 2007”. In that line, the tendency to work precarization is consolidated, which has been more than a decade, according to the specialist.
Employment does not recover despite the rebound in the activity: “Despite the strong recovery of economic activity (which already exceeds the levels of 2023), unemployment is not only high but exceeds the worst moment of the crisis (Itrim24),” Pastrana says in his social network. And he adds that “when looking at the private registered employment data this does not attract attention. Employment continues to be ironed despite the recovery of the activity.”
“It was a very bad fact. In the first place, because a relationship between activity and employment is observed, that is, when the activity improves unemployment and vice versa, but the opposite happened here: a rebound of the very strong activity of 6.2% in the first quarter of 2025 compared to 2024 – which had been very bad in relation to the activity – and there was an increase in unemployment, small, but a small increase, but a small increase, but a small increase, but a small The economist emphasized, Juan Manuel Telechea.
It should be noted that this recovery stopped in the last month. The EMAE activity estimator showed a setback of 1.8% monthly in March, in unstacted terms.
While Milei and Caputo paint an economy of wonders, below the reality cuts. The adjustment that they carry out together with the IMF only serves to guarantee speculative profits to a small group of large capitals and financial, and is supported by enormous indebtedness that is a time bomb.
There is no generation of genuine employment, there is destruction of jobs and salary loss. In turn, the government has already announced that it prepares a new labor counter -reform, while the union conduits of the CGT and the CTA make the iron. They have to face them in the streets and demand a true struggle plan to defeat the adjustment, electoral proscription and government plans and IMF.
Source: www.laizquierdadiario.com
