Overview
- Official records show total contributors fell from 12,836,496 to 12,803,362 in October, a net drop of about 33,100 across categories, with a slight rise among autónomos.
- Private registered salaried jobs declined by 17,900 in October and by roughly 71,000 between June and October, marking a five‑month stretch of consecutive losses.
- Since November 2023, private registered payrolls are down about 194,200 positions, while public employment fell by 71,900 and domestic work by 29,100; monotributistas increased by roughly 112,200 but did not compensate the salaried declines.
- Industry led October’s contraction with an accelerating monthly slide, and together with commerce, business services and construction accounted for 84% of the net job losses.
- Real wages in the formal private sector recorded a second consecutive drop in October from their February 2025 peak, and the Labor Secretariat’s EIL survey indicates another slight decline for November.