The Fragility of the Labor Market and Its Social Consequences

Weekly  Reports

 

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The Fragility of the Labor Market and Its Social Consequences

Fourth week
September 2020

Unemployment data showed the fragility of Argentina's social scheme very clearly: unemployment climbed to 13.1% a lower figure than expected by the market. But this cannot be considered good news. Instead of looking at unemployment, we must consider the employment rate. And there we can find devastating figures: only 33.4% of the population worked in the second quarter of the year when only a year ago that figure was 42.6%.