Overview
- Official SIPA-based reports show private registered employment fell to about 6,126,400 in June 2026 after a monthly loss of 6,261 jobs, bringing cumulative private-sector losses to 246,312 since November 2023.
- The number of registered employer units has dropped sharply, with roughly 31,342 fewer firms since November 2023 and 8,734 destroyed in the first half of 2026, driven mainly by low new‑firm formation and surviving firms reducing payrolls.
- Job losses are concentrated in labor‑intensive sectors and large districts: manufacturing lost about 88,496 jobs and construction about 62,700 since November 2023, while the province of Buenos Aires and CABA account for the largest absolute declines; only Neuquén and Río Negro exceed their pre‑November 2023 employment levels.
- The formal market is recomposing toward independent work: monotributo registrations reached about 2,206,800 by June 2026, roughly 68% higher than in 2012, absorbing parts of the salaried workforce that no longer find formal jobs.
- Real wages for private registered workers fell about 2.8% in the last 12 months and half of formal private workers take home less than roughly $1,385,000, a gap that risks reducing household spending and slowing any recovery despite government incentives such as the RIFL.