Overview
- Total registered contributors fell by 33,134 in October, according to the Secretaría de Trabajo’s SIPA-based report.
- Private salaried employment dropped by 17,900 to about 6.19 million, the fifth monthly fall in a row and the worst since early 2024.
- From June through October 2025 the private salaried sector shed roughly 71,000 jobs, driven mainly by industry, commerce, business services and construction, which explain about 84% of the decline.
- Real wages for formal private workers recorded a second consecutive monthly drop in October, and the Labor Indicators Survey signaled further slippage in November.
- Since Javier Milei took office, about 176,900 private salaried jobs have been lost, while public employment also contracted by tens of thousands.