The unemployment rate in Argentina fell to 9.0 percent in the third quarter of 2018 from 9.6 percent in the second quarter. Compared to the same quarter of last year, the jobless rate climbed from 8.3 percent. By region, unemployment in Gran Buenos Aires was the highest at 10.5 percent, followed by Pampeana (8.8 percent), Noroeste (6.6 percent), Patagonia (5.6 percent), Cuyo (4.7 percent), and Noreste (4.0 percent).The underemployment rate jumped to 11.8 percent (vs 11.2 percent in Q2). Unemployment Rate in Argentina averaged 9.41 percent from 2002 until 2018, reaching an all time high of 20.80 percent in the fourth quarter of 2002 and a record low of 5.90 percent in the third quarter of 2015.
Unemployment Rate in Argentina is expected to be 8.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Argentina to stand at 9.00 in 12 months time. In the long-term, the Argentina Unemployment Rate is projected to trend around 8.40 percent in 2020, according to our econometric models.