In September, 25,289 were incorporated into the registered private sector, which represents 0.4% more than the previous month and 21 consecutive months of growth, according to the latest data for September from the Ministry of Labor surveyed through the Integrated System Argentine Social Security (SIPA).
Thus, 6,234,000 formal private jobs were reachedaccording to the analysis of official data carried out by the Center for Argentine Political Economy (CEPA), experiences 21 consecutive months of growth and a recovery of 438,000 jobs in relation to the floor of July 2020, during the Coronavirus pandemic.
With the 438,000 positions Not only were the 193,000 jobs lost between February and July 2020 recovered, but also another 245,000, representing the highest number of formal private employment in the last four years.
For its part, if all registered work is taken into account (including the private, public, monotributistas and self-employed sectors), it reached 12,858,000 million in September 2022, adding 52,300 positions compared to the previous month and with a rise annual growth compared to September 2021 of 4.9% (+ 596,800 jobs).
Freelance work led the rise in September (0.8%) driven by the monotributo, followed by the private (0.4%) and the public (0.1%).
The Average gross salary, meanwhile, was $179,92580.1% more than in September 2021, below the 83% inflation for that period.
Work also highlighted that the expectations of companies regarding the evolution of staffing for the remaining months of the year “are positive.”
Raise in 10 of the 14 sectors
The increase in employment in September was widespread and -CEPA underlines- 10 of the 14 sectors in which it classifies economic activities had a monthly increase.
The incorporations of the building (+7.1 thousand) and the trade (+5.7 thousand), followed in descending order by real estate, tourism, industry, transportation, community and social services, health, mining, and education.
“With the increase in employment in September, ten of the fourteen sectors already operate at employment levels higher than the pre-pandemic, two others continue to grow and are approaching said threshold (community and social services, and transport) and the remaining two (agriculture and finance), which continued to destroy jobs after July 2020, did not create jobs during the month under analysis,” analyzed CEPA.
The consultancy headed by Hernán Letcher highlighted, in particular, the dynamism of the industrial sector, which created 78,000 jobs since February 2020, thus reaching its best numbers since February 2019; and construction, “whose recovery was one of the fastest, largely offsetting the sensitive initial negative impact of the pandemic.”
In the same way, he stressed the performance of the sector tourism, which after suffering a destruction of 22% of its positions in the pandemic, has had 15 consecutive months of growthwith a “significant” increase in recent months, which the consultant attributed to “the tourist season and the positive impact of the Pre-Travel program.”
September, in fact, was the first month in which the sector was able to exceed pre-pandemic employment levels.
For its part, CEPA also highlighted that Private employment is 47,000 jobs away from reaching 6,281,000 from the last peak in April 2018, prior to a destruction of 276,000 jobs up to December 2019.
However, the Labor data reflect a stagnation of labor figures in the last ten years without taking into account the population growth of the period: in January 2012 there were 6,105,000 registered jobs.
