Ismael Bermudez
09/24/2020 - 9:00
Clarín.com
Economy
Of the 3.6 million jobs that were lost due to the pandemic during the second quarter, the fall was proportionally more intense in Construction, Hotels and Restaurants and Domestic Service, activities with
higher rates of informality and job insecurity.
By age, the steepest decline hit
men under 29 years of age,
then also men over 30 years old, and then women over 30 years old.
For its part, the average unemployment rate of 13.1% increased among all ages and by sex, but the increase in women under 29 years old stood out, rising from 23.9% to 28.5%, according to INDEC data released on Wednesday.
Among men under 29 years of age, it went from 18.5% to 22.7%.
The total number of unemployed reached just over 2.1 million people nationwide, a figure lower than the number of jobs lost because INDEC does not consider unemployed those who lost their job but rather those who do not have one and are actively looking for one.
In this group, both those who had a previous occupation and lost it during the second quarter and those who had been searching for a job for less than 3 months.
The unemployment rate rose only from 10.4 to 13.1% because, according to the Official Report, “
the increase in the number of people who could not work but
actively
sought to do so
was also
limited
by virtue of the restrictions on certain activities and current circulation ”due to the health emergency and quarantine.
The INDEC Report highlights that the impact of the drop in employment “was not homogeneous among the different occupational categories.
In particular, it was more significant in wage earners without a retirement discount, in own-account workers and in workers in private establishments ”.
Thus, it appears that of the 3.6 million jobs lost, due to job insecurity and informality, some
2 million are informal wage earners and another 1.1 million are self-employed
, most of them also informal.
Another data is that the number of employed persons who looked for another job dissatisfied with the one they have fell from 3.5 million to 1.8 million.
According to the Ecolatina consultancy, “to the precariousness of employment observed during the recession of 2018-19 is added the strong destruction of employment, mainly precarious, as a result of the quarantine and the pandemic.
This negative shock on labor income affected lower income households to a greater extent, which explains the
sharp deterioration in poverty and indigence that the INDEC will announce in a week
.
Unfortunately, we expect a slow recovery of the jobs lost in the second quarter of 2020, which will
complicate the reversal
of the sharp deterioration in socio-economic indicators ”.
Meanwhile, the consulting firm LCG points out that "the workers who lost their jobs during the months of confinement left the labor market during the second quarter."
Thus, the "discouragement factor" added to the physical impossibility of going out to look for a job and the income complement that the IFE (Emergency Family Income) could mean for some of these workers, can explain this dynamic that is reflected in the
strong reduction -Of almost 4 million people- of the workforce.
NE
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