The unemployment rate in Argentina declined to 8.9 percent in the fourth quarter of 2019 from 9.7 percent in the previous period and 9.1 percent in the same period of 2018. It was the lowest jobless rate in eight and the second straight decline, as the number of unemployed dropped to 1196 thousand from 1287 thousand. In the third quarter of 2018, the jobless rate was lower at 9.0 percent. By region, unemployment in Gran Buenos Aires was the highest at 10 percent, followed by Pampeana (8.5 percent), Noroeste (8.3 percent), Patagonia (6.6 percent), Cuyo (5.7 percent), and Noreste (5.1 percent). The underemployment rate did climb to 13.1 percent from 12.8 percent in Q3.
Unemployment Rate in Argentina averaged 9.43 percent from 2002 until 2019, 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. This page provides - Argentina Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Unemployment Rate in Argentina is expected to be 11.00 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 11.70 in 12 months time. In the long-term, the Argentina Unemployment Rate is projected to trend around 10.60 percent in 2021 and 9.70 percent in 2022, according to our econometric models.