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Recorded Employment: Added 20,200 workers in January

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In January 2023, the registered employment in the country as a whole reached 13,046,551 people. In seasonally adjusted terms, it represents variation positive by 0.2% compared to the previous month (20.2 thousand people more).

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Compared to January 2022, registered work grew by 4.7% (+579.8 thousand men and women workers), according to the Report of the Ministry of Labor based on social security data.

For February, the Survey of Labor Indicators indicates that there would have been a similar increase to January.

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Employee employment grew both in the private sector (+17.4 thousand) and in the public sector (+8.8 thousand). And employment in private homes shows a reduction of 0.7% (3.3 thousand fewer people). Self-employment decreased by 2.7 thousand workers compared to the previous month.

“This decline is mainly explained as a consequence of the contraction in the number of employed and workers enrolled in the social security monotribu (-0.5%, -3,000 fewer people). Self-employment shows a variation of -0.3% (-1,300 fewer people). For its part, the increase in the number of workers included in the Monotributo (+0.1%, 1.6 thousand people more) could not compensate for the employment reductions observed in the other categories of self-employment”.

In international year-over-year comparison, employee employment increased by 3.2% (+313.3 thousand employees) mainly to the private sector (+4.3%, 261.2 thousand people) and, secondly, to the growth of the public sector (+1.8%, 61.3 thousand jobs more). Employment in private homes shows a drop of 2.0% compared to the same month of the previous year (9.3 thousand fewer workers).

For his part, self-employment grows by 10.2% (+266.5 thousand employees) in 12 months driven by the single tax categories (+169.5 thousand single social tax and +94.1 thousand single tax). And the number of self-employed taxpayers is virtually unchanged (+2,400).

“In terms of year to year, 12 sectors showed positive changes. Among these, the best performances were: Hotels and restaurants (+17.4%); Construction (+13.8%) Mines and quarries (+8.0%); and Commerce and repairs (+5.8%). On the contrary, the financial intermediation and agriculture, animal husbandry and forestry sectors showed a decline in the number of employees (respectively -0.5% and -1.4%)”, specifies the Report.

In January, with 98.8% annualized inflation, the average gross nominal compensation was $241,966 and grew by 97.5% compared to the same month of the previous year. For their part, half of the workers received up to $171,197, an interannual increase of 91.3%. From this it can be deduced that the lowest wage earners had a 3.8% loss with respect to inflation.

NS

Source: Clarin

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