Since September last year, the total number of registered private sector workers
is declining.
In 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 in relation to the previous month, it presented a variation of -0.7% (
88,600 fewer people
), according to the Report of the Secretary of Labor, Employment and Social Security
For its part, in December 2023, according to the Labor Indicators Survey (EIL), the level of private employment registered in companies (with more than 10 employed people) of the total urban agglomerations surveyed presented a
reduction of 0.5%
in relation to the month of November.
This fall is fundamentally due to the reduction in employment for seasonal reasons in Construction.
Excluding this sector temporarily affected by seasonality, the level of private registered employment showed a slight contraction of 0.1% in relation to the previous month.
In any case, the official report clarifies that the November data “must be interpreted with caution since a large part of this drop does not respond to a real loss of formal work but is the result of the implementation of a measure that extended the payment of tax and pension obligations, which temporarily affected the quantification of people with registered work considering the methodology used to prepare the indicators.”
With this clarification, the Report indicates that registered salaried employment
fell 0.1% (11 thousand fewer people)
.
“Employment declines were observed in work in
private homes
(-0.5%) and in
private employment
(-0.1%), while the public sector remained constant.”
For its part , independent work
also
decreased (-2.5%, 77,600 fewer workers).”
This sharp decline in self-employment is influenced by the decline in self-employment.”
The Labor Report indicates that “as of September 2023, the labor dynamic changes significantly as
a phase of moderate decline in salaried employment registered in the private sector consolidates.
During the period between September and November 2023, around 26,000 workers were separated from registered salaried employment in the private sector.”
Compared to one year, the total number of workers with salaried employment expanded 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 independent work expanded by 88,000 people, driven by the Monotributo categories.
The average gross nominal remuneration for November 2023 was $525,215 and grew by 158.6% compared to the same month of the previous year.
For its part, half of the workers (median gross remuneration) was $404,679, and increased 160.7% in the year-on-year comparison.
The Report indicates that in relation to November 2019, the average salary is 1.4% lower.
And it fell 15% compared to November 2015. And it fell 18.6% for the half of the employees who earn the least.
Meanwhile, the EIL says 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 dismissals due to completion 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. In the annual comparison, the incidence of uncaused dismissals in December 2023 is higher than the values verified between 2020 and 2022 (in the first two years the prohibition on dismissal and double compensation was in force) and is similar to the values observed between 2014 and 2019 (in the months of December of each year).”