You are currently viewing It was confirmed by the Indec: young people are the most affected in the unemployment rate

The National Institute of Statistics and Censuses (Indec) released the survey of the labor market for the first quarter of 2022. Argentina achieved the lowest unemployment since 2016 and showed a strong advance –of 3.5%– in the unemployment rate jobwhich grew from 40.1% a 43.6%. However, it was also observed that young people under 29 years of age are the most affected in the unemployment rate.

According to the report released this Thursday, the unemployment rate (TD) – people who do not have a job, are available to work and are actively seeking employment, as a proportion of the PEA – stood at 7%. Of that percentage, men and women between the ages of 18 and 29 lead that population. The unemployment rates are 16.8% and 11.4%, respectively.

More details about unemployment

Regarding gender, women were the most affected at a general level. Looking at specific populations, for the population aged 14 and over, the unemployment rate was 8.3% for women and 5.9% for men. Among the regions, those that showed the highest TD were the Pampean and Greater Buenos Aires regions, with 7.4% and 7.3%, respectively. On the other hand, it stands out that the region with the lowest TD was Patagonia (4.8%).

The percentage of the inactive population – people who do not have a job and are not actively looking for one – stood at 53.5%, which indicates that 15 million people are not employed in Argentina. The typical inactive reached 98.8%, while the marginal – those who have stopped looking for work but are available to work – reached 1.2%.

Active and employed population

Regarding the active population, within the universe of 14 years and over, disaggregated by sex, the activity rate (AR) for men was 68.6%, while for women the rate was 50 .2%. At a geographic level, the regions with the highest activity rates were Cuyo (47.9%), Pampeana (47.4%) and Greater Buenos Aires (46.7%). For its part, the one with the lowest activity rate was Northeast (43.6%).

Among the employed population, 73.5% are wage earners, of whom 35.9% do not have a retirement discount. On the other hand, 23.1% are self-employed, 3.0% are employers and 0.5% are unpaid family workers. Among employed wage earners, 5.8% used their own machinery/equipment to carry out their work. Likewise, of the total number of employed persons, 9.8% worked from home.

Indec comparisons

Despite job growth, the Indec reported that in the “comparison with the fourth quarter of 2021, the unemployment rate remained unchanged: it reached 7.0% on both occasions. The activity and employment rates showed decreases of 0.4 pp and 0.3 pp (46.5% against 46.9% and 43.3% against 43.6%), respectively. In none of these rates were the differences statistically significant”

In the year-on-year comparison, the activity rate in the first quarter of 2022 remained stable: it was 46.5%, 0.2 pp above the previous value (46.3%). The employment rate reached 43.3%, 1.7 pp above the same quarter of the previous year (41.6%) and the unemployment rate was 7.0%, 3.2 pp below (10, two%). Both differences were statistically significant.

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.