Annabella quiroga
10/17/2020 6:01 AM
Clarín.com
Economy
Updated 10/17/2020 6:01 AM
The fall in employment
has not yet bottomed out.
According to the latest report on labor indicators from the Argentine Industrial Union (UIA), between July of this year and the same month of 2019, 302,494 jobs were lost in the formal private sector.
It implies a decrease of 4.9%.
This market segment has
been in decline for two years
.
The private employment indicator had until July 23 consecutive periods of decline.
But the industrial survey indicates that the trend continued in August, thus accumulating
two years of poor results
.
Between July and June the drop was 0.1%, with
5,939 fewer jobs
.
Anyway, this marks a slowdown compared to what had been happening in previous months.
"The greatest difficulties are reflected in the lower number of companies filing sworn statements (DDJJ) of employment in the SIPA (Argentine Comprehensive Pension System), a situation that fails to break the downward trend," states the industrial report.
In this way, July showed a drop in the number of filing companies of the order of 4% year-on-year, a decrease of 21,673 firms.
The report also states that despite the strong year-on-year falls, some sectors continue to incorporate registered workers month by month.
By case, the industry increased 0.2% (an increase of 2,582 positions).
On the other hand, the sectors most affected by the drop in employment were those linked to
businesses halted in times of greater restrictions due to the pandemic
, such as construction (-28.6% year-on-year) and hotels and restaurants (-12.9%) and trade (-2.8%).
According to the survey of labor indicators carried out by the entity, a new fall in private salaried employment is anticipated in August in large urban centers of -3.0% and in industry of -2.6%
The UIA data is linked to what INDEC showed last Thursday.
Between the first and second quarters of the year, a total of
3.7 million jobs
were lost
.
As of last March there were 20,879,000 positions and it went to 17,122,000 at the end of June, which represents a decrease of 18%.
According to INDEC, of the 3.7 million jobs lost, 289,000 corresponded to registered wage earners, 1,695,000 to informal wage earners, and 1,774,000 to self-employed workers.
It is because during the quarter, and due to mobility restrictions,
many workers were unable to work
, lost their jobs or were unable to go out and search.
Consequently, the unemployment rate
rose from 10.4% to 13.1%
, the highest level since the third quarter of 2004.
"This fragile situation requires thinking about comprehensive strategies that take into account the continuity of employment and the needs of companies to continue active in this delicate situation that does not seem to present major changes for the next few months," said the UIA.
And he warned that "this situation extended over time
puts the sustainability of companies in check
, given the increase in costs that the current difficulties imply caused by the rigidity of the labor market as a result of current regulations."
AQ
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