Since September last year, the total number of registered private sector workers it is descending. In the month of November (latest official data released this Monday) the population with registered work, in the country as a whole, reached 13,323,000 people. In seasonally adjusted terms and compared to the previous month, it presents a change of -0.7% (88,600 fewer people), according to the report of the Minister of Labour, Employment and Social Security
For its part, in December 2023, according to the Survey on Employment Indicators (EIL), the level of private employment recorded in companies (with more than 10 employees) of the total urban agglomerations surveyed presented a Reduction of 0.5%. for the month of November. This decline is fundamentally due to the reduction in employment for seasonal reasons in the Construction sector. Excluding this sector temporarily influenced by seasonality, the level of employment recorded in the private sector shows a slight contraction of 0.1% compared to the previous month.
In any case, the official report clarifies that the November data “should be interpreted with caution since much of this decline does not respond to a real loss of formal employment but is the result of the implementation of a measure that extended the payment of obligations tax and social security, which temporarily influenced the quantification of people with registered work considering the methodology used to prepare the indicators.”
With this clarification, the Report indicates that the registered subordinate employment is reduced by 0.1% (11 thousand fewer people). “Decreases in employment have been observed in the workplace particular houses (-0.5%) and in private employment (-0.1%), while the public sector remained constant.”
For his part, also the independent work decreased (-2.5%, 77,600 fewer employees)”. This sharp decline in self-employment is influenced by the decline in self-employment.”
The employment report highlights that “starting in September 2023, the dynamics of work changes significantly consolidate a phase of moderate decline in employee employment recorded in the private sector. In the period between September and November 2023, approximately 26,000 workers were separated from registered employment in the private sector.”
Compared to a year, the total number of workers with salaried jobs grew by 1.9% (+193.7 thousand workers): 103,000 correspond to the private sector, 98,000 to the public sector, while work in private homes decreased by 7,500 people. And self-employment grew by 88,000 people, driven by the single-payer categories.
The average gross nominal salary for November 2023 was $525,215 and grew 158.6% compared to the same month last year. For its part, half of the workers (gross median salary) amounted to $404,679, an increase of 160.7% in the year-over-year comparison.
The Report shows that, compared to November 2019, the average salary is 1.4% lower. And it’s down 15% compared to November 2015. And it’s down 18.6% for the half of employees earning less.
Meanwhile, the EIL states that in December 2023 an increase in the layoff rate is observed compared to the previous month. However, it is important to keep in mind that the seasonal growth of layoffs due to the end of work in Construction explains the entire increase in layoffs: excluding this sector from the calculation, the layoff rate remains constant between November and December 2023. annual comparison, the incidence of dismissals without cause in December 2023 is higher than the values verified between 2020 and 2022 (in the first two years there was a ban on dismissal and double compensation) and is similar to the values observed between 2014 and 2022. 2019 (in the months of December of each year).”
Source: Clarin
