Argentina Unemployment Rate Jumps to 13.1%
The unemployment rate in Argentina jumped to 13.1 percent in the second quarter of 2020 from 13.1 percent in the previous period. It was the highest jobless rate since the third quarter of 2004, as the coronavirus continued to spread and lockdowns tightened before easing in Q3. The number of unemployed climbed by 43 thousand to 1437 thousand. By region, unemployment in Gran Buenos Aires was the highest at 13.2 percent, followed by Pampeana (16.7 percent), Cuyo (11.4 percent), Patagonia (10 percent), Noroeste (9.1 percent), and Noreste (7.2 percent). The underemployment rate declined to 9.6 percent from 11.7 percent in the prior quarter. A year ago, the jobless rate was lower at 10.6 percent.
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