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Argentina’s Formal Private Jobs Fall for Fourth Month, 49,000 Lost Since June

The official series underscores renewed strain on formal hiring, with Congress now weighing the government's labor‑reform bill.

Overview

  • Private registered payrolls fell 0.2% in September (−10,606) to 6.198 million, marking four straight monthly declines and a cumulative loss of 49,000 jobs since June.
  • Total registered salaried employment reached 10.05 million and slipped 0.1% on the month, with household workers down 0.7% and public employment up 0.1%.
  • Independent work was stable versus August but fell 11.9% year over year, as monotributo contributors rose 0.4% in September and monotributo social plunged (−1.8% monthly; −63% annually) alongside a 0.7% drop in autónomos.
  • Six sectors cut jobs in September—mining, manufacturing, agriculture, transport, commerce and construction—while only fishing (+3.5%), utilities and education posted modest gains.
  • The decline was widespread across 17 of 24 provinces, led by Tierra del Fuego and Misiones (−1.2%), and external analyses (CEPA, LCG) highlight continuing employer exits and large registered job losses since late 2023.