Unemployment fell to 6.7% in the third quarter of 2022, according to the household survey released today by INDEC. In the same quarter of 2021, unemployment stood at 7.9% of the active population.

The labor scenario showed a very strong improvement compared to 2020, when unemployment reached 11.4% in the midst of the pandemic, according to official figures. According to the study, there are 3.1 million people who have a job but are actively looking for another occupation.

In addition, there are 2.2 million underemployed, people who work less than 35 hours a week and are willing to cover more hours.

The active population represents 46.4%, 19.6 million people.

The highest unemployment rate was registered in the province of Buenos Aires (8.7%), while the lowest rate corresponded to San Luis (1.7%). In the City of Buenos Aires, unemployment is 4.7 percent.