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CEPA Reports 276,000 Formal Jobs Lost in Argentina Since Late 2023 as 19,000 Employers Close

Official figures corroborate a smaller decline, confirming the downturn’s return in mid‑2025 after a brief pause.

Overview

  • CEPA’s SRT-based analysis counts 276,624 fewer registered positions and 19,164 fewer employing firms nationwide between November 2023 and August 2025.
  • Job losses were heaviest in Administration/public sector, Construction, Transport and storage, and Manufacturing, with Construction down 16% in relative terms.
  • Large companies with more than 500 workers account for 68.15% of job cuts, while 99.63% of firm closures were among employers with up to 500 staff.
  • Separate official SIPA data show a national decline of 223,796 private registered jobs since December 2023 and indicate the labor market slid again from June to August 2025 after a short stabilization.
  • Santa Fe recorded 13,900 fewer private registered jobs over the period, including 600 lost between July and August, according to the national Labor Secretariat.