Recorded employment picked up again in March

Due to increased activity, in March registered employment started to grow againmainly among the wage earners in the private sector and among single-tax payers On the contrary, public employment remained unchanged.

In March, the number of people with work registered in the country as a whole reached 12,557,433 compared to 12,516,132 in February. There are 41,301 more. “Compared to the same month of the previous year, the registered work grew by 4.5% (+ 543.2 thousand employees)”, according to the report of the Ministry of Labor.

The 12,557,433 subscribers represent the highest level of the entire series started in 2012, above all due to the growth of the register among the Monotributists. In contrast, the level of formal employment among wage earners in the private sector (6,126,379) still lower than in March 2019. In the public sector, 3,305,083 are equal to the level of August 2021.

In March, among the employees, a increase of 35,737 employees in the segment of private sector companies (from 6.090.642 it goes to 6.126.379), while it decreases slightly in the public sector (it goes from 3.310.002 to 3.305.083), while the work in private homes records a slight increase of 473 jobs (it goes from 475.351 to 475,824).

On the other hand, self-employment increased compared to February (+15,014 more in the Monotassa) while contributions to the self-employed workers’ regime were reduced (from 390.964 to 389.372). There has also been a setback in the number of people joining the social monotax (3.4 thousand fewer people).

“With regard to the evolution of sector employment, in March 2022 the monthly growth was generalized as the monthly variations were positive in 11 of the 14 sectors analyzed. Among the business lines that showed the greatest monthly dynamism were Fishing (+ 2.1%), Hotels and restaurants (+ 1.3%), Construction (+ 1.0%), Education (+ 0.9%) ), Community, social and personal services (+ 0.5%) and Commerce (+ 0.4%) ”, indicates the Employment Relationship.

By sectors, the evolution is not uniform. Labor explains that “wage labor recorded in the hotel and restaurant sector was going through a phase of contraction before the pandemic. This trend deepened with the onset of the health emergency. However, the sector started showing positive rates of change in March and April 2021, fell in May and June and returned to positive rates for the past nine months. Beyond this recovery, the deterioration at the start of the pandemic was so profound that its current level of employment is 10.3% lower than that in force in February 2020 “.

For its part, “Construction shows nineteen consecutive months with positive monthly variationsyes The + 1.0% change corresponding to March 2022 brought its employment level to 5.3% above the level prior to the start of the pandemic. However, it is still 12.1% below the industry peak reached in April 2018. “

In the Education sector, the growth recorded in March 2022 places employment at a lower level of 0.3% compared to that in force in February 2020.

The community, social and personal services sector has experienced a downward trend in formal employment since August 2018, and the outbreak of the pandemic has exacerbated this situation. Since the beginning of 2021, some of the lost employment has started to recover, but it is still 3.5% below the employment level in place just before the onset of the pandemic.

“The dynamics of the Commerce sector, given its importance as an employer sector, is essential for understanding the behavior of formal wage labor as a whole. This sector has experienced growth since June 2021 and employment exceeds the level before the beginning of the pandemic (February 2020).) to + 1.9%. However, it is still 3.8% lower than the maximum reached by the sector in December 2017 “, concludes the Report on work.