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.
In the urban total of Argentina, the unemployment rate fell from 7.9% to 6.7% between the 3rd quarters of 2021 and 2022; that of activity rose from 45.6% to 46.4%; and that of employment, from 42% to 43.3% https://t.co/080jN7wjxi pic.twitter.com/Sy1xjbL9hs
— INDEC Argentina (@INDECArgentina) February 22, 2023
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.