Overview
- The June 2026 report recorded a monthly drop of 6,261 private registered jobs and left total private salaried employment at 6,126,400, extending a contraction that has produced a cumulative loss of about 246,312 jobs since November 2023.
- Job losses are heavily concentrated: the provinces of Buenos Aires, Ciudad Autónoma de Buenos Aires, Córdoba and Santa Fe account for roughly 68.8% of the total decline, while only Neuquén and Río Negro exceed their November 2023 employment levels.
- The biggest sectoral cuts have fallen on construction, manufacturing and mining‑related activities, with construction down about 14.2% and manufacturing down about 7.4% since November 2023.
- The number of registered firms has fallen sharply, by roughly 31,342 since November 2023, while the pool of monotributistas (formal independent workers) continues to grow as salaried positions shrink.
- Real pay is weakening: average private registered wages fell about 2.8% year‑on‑year and half of formal private workers take home less than an estimated ARS 1.385 million, a level below basic consumption benchmarks that risks cutting household demand and slowing private job creation.