Last year he closed with a increase in both male and female employment and decrease in unemploymentaccording to Indec data relating to the fourth quarter of 2023.
These findings have come in a context in which greater numbers of inactive and unemployed people have gone out to look for work, surely to offset declines in family and family income – and most have obtained this partly in informal, low-skilled jobs.
It is assumed that the labor market outlook would worsen in the first three months due to the greater decline in economic activity, layoffs in the public sector and in construction and metallurgy, with a greater decline in real wages.
Therefore, the Indec report indicates that “the fourth quarter of 2023 presents an activity rate one percentage point higher than that of the fourth quarter of the previous year (from 47.6% to 48.6%). The employment rate increased by 1.2 points (from 44.6% to 45.8%). The unemployment rate fell from 6.3% to 5.7% (-0.6 pp).”
For its part, “the employment rate of men aged between 14 and 29 showed an increase of 2.1 points, from 46.9% to 49.0%. Women in that age group showed an increase of 1.6 points, from 35.6% to 37.2%. Within the employed population, the overemployed share increased by 1.5 points. (from 28.8% to 30.2%)”.
The salaried population without pension discount increased from 35.5 to 35.7%.
The report highlighted an increase in people who had worked as employees in their last job from 75.5% to 78.7% (3.2 points). With reference to the occupational branches of the previous occupation, there was a relative decrease in the trade branch from 20.7% to 19.5% (1.2 points) and an increase in the share corresponding to domestic services from 10.8% to 12, 6% (1.8 points).
At the same time, in a context of falling unemployment, among the unemployed population there was an increase in the share of women up to 29 years of age of 2.2 points. (from 22.6% to 24.8%) and in the group of men aged 30 to 64, 1.8 points (from 24.1% to 22.3%).
Source: Clarin
