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Argentina’s Registered Jobs Fall Again as Private Payrolls Lose 49,000 Since June

SIPA’s September release points to broad sectoral‑provincial declines, with comparisons clouded by monotributo social rule changes.

Overview

  • Registered private‑sector payrolls shed 49,000 jobs between June and September 2025 after four consecutive monthly drops.
  • In September, Argentina counted 12.84 million formal workers and 10.05 million registered salaried, both down 0.1% month on month, with private payrolls -0.2%, domestic work -0.7% and public jobs +0.1%.
  • On a yearly comparison, salaried headcount fell 0.5% (about 53,300 fewer), while independent work contracted 11.9% (roughly 378,000 fewer) largely due to a 63% plunge in monotributo social.
  • Sectoral results were uneven, with gains confined to Fishing (+3.5%), Electricity/Gas/Water (+0.1%) and Education (+0.1%) as mining, manufacturing, agriculture, transport, commerce and construction declined.
  • Nominal pay rose sharply year over year in September, with average gross remuneration up 37.8% to ARS 1,797,893 and the median up 35.6% to ARS 1,355,988.