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In December, 27.7 thousand registered jobs were created and 2022 closed with 607.9 thousand new hires

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Reached the number of people with registered work in the country 13.07 million in December 2022with a positive change of 0.2% compared to the previous month (27.7 thousand people more), while in comparison theyear-over-year increase was 4.9% (607.9 thousand more workers), according to the latest report by the Ministry of Labor based on data from the Argentine Integrated Pension System (SIPA).

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Out of the total, 10.187 million people with registered subordinate work were surveyed (including the private sector, the public sector and work in private homes); and 2.89 million people with self-employment (single-tax payers and self-employed workers).

The level of employment reached in November 2022 is 4.4% higher than the value in February 2020 (262.9 thousand people more); and employee employment stood just 0.1% below the all-time high reached in December 2017, the labor portfolio added.

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The set of people with Registered employment has increased by 0.2% in the last month (16 thousand more employees) was driven by companies in the private sector, where the number of employees grew by 0.2% (14.4 thousand more employees); while employment in private homes showed an increase of 0.1% (0.7 thousand people) and public employment remained stable.

Self-employment grew by 0.4% (11.7 thousand workers) compared to the previous month due to the increase in the number of male and female workers who joined the social single tax (+11%, 60.8 thousand employees), higher than the decrease observed in the number of workers included in the single tax system (-2.6%, 50.8 thousand fewer people).

For its part, self-employment grew by 0.4% (1.7 thousand more people).

In the year-over-year comparison, the total number of employed workers increased by 3.2% (+313.4 thousand employees), mainly due to the expansion of the private sector (+4.4%, 263.5 thousand people), followed by the growth of the public sector (+1.5%, 51 thousand jobs in more), while work in private homes decreased by 0.2% compared to the same month of the previous year (1.1 thousand fewer workers).

Finally, self-employment as a whole grew by 11.3% (+294.5 thousand workers) in the annual comparison driven by single taxes (+39.7% single social tax and +6.6% single tax), while the number of taxpayers to the self-employed scheme grew by only 1.6%.

The monthly growth in employee employment recorded was verified in nine of the 14 sectors analysed; while in three sectors it remained stable, and in two a setback was observed.

Source: Clarin

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