The unemployment rate in Argentina decreased to 9.6 percent in the second quarter of 2021 from 10.2 percent in the previous period, well below market expectations of 10.8 percent. It was the lowest jobless rate since the last quarter of 2019, as the number of unemployed fell by 82 thousand to 1,273 thousand while employment was little changed at 11,981 thousand. Meantime, the employment rate edged down to 41.5 percent from 1.6 percent in Q1; and the labour force participation rate dropped to 45.9 percent from 46.3 percent. A year ago, the jobless rate was higher at 13.1 percent. source: Instituto Nacional de Estadística y Censos (INDEC)

Unemployment Rate in Argentina averaged 9.56 percent from 2002 until 2021, 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 November of 2021.

Unemployment Rate in Argentina is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Unemployment Rate is projected to trend around 9.50 percent in 2022 and 9.20 percent in 2023, according to our econometric models.

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Argentina Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-06-24 07:00 PM Q1 10.2% 11.0% 12%
2021-09-23 07:00 PM Q2 9.6% 10.2% 10.8% 10%
2021-12-17 07:00 PM Q3 9.6%


Related Last Previous Unit Reference
Unemployment Rate 9.60 10.20 percent Jun/21
Unemployed Persons 1273.00 1355.00 Thousand Jun/21
Employed Persons 11981.00 11982.00 Thousand Jun/21
Employment Rate 41.50 41.60 percent Jun/21
Labor Force Participation Rate 45.90 46.30 percent Jun/21
Wages In Manufacturing 2781.74 2537.70 points Sep/16
Population 45.38 44.94 Million Dec/20

News Stream
Argentina Unemployment Rate Unexpectedly Drops to 9.6%
The unemployment rate in Argentina decreased to 9.6 percent in the second quarter of 2021 from 10.2 percent in the previous period, well below market expectations of 10.8 percent. It was the lowest jobless rate since the last quarter of 2019, as the number of unemployed fell by 82 thousand to 1,273 thousand while employment was little changed at 11,981 thousand. Meantime, the employment rate edged down to 41.5 percent from 1.6 percent in Q1; and the labour force participation rate dropped to 45.9 percent from 46.3 percent. A year ago, the jobless rate was higher at 13.1 percent.
2021-09-23
Argentina Jobless Rate Falls to Pre-Pandemic Level
The unemployment rate in Argentina dropped to 10.2 percent in the first quarter of 2021 from 11.0 percent in the previous period, declining for the third consecutive quarter to levels not seen since the last quarter of 2019. The number of unemployed fell by 63 thousand to 1,355 thousand while employment increased by 458 thousand to 11,982. A year ago, the jobless rate stood at 10.4 percent.
2021-06-24
Argentina Unemployment Rate Falls to 11%
The unemployment rate in Argentina declined to 11 percent in the fourth quarter of 2020 from 11.7 percent in the previous period, declining for the second quarter after hitting in Q2 the highest jobless rate since the third quarter of 2004, as the economy continues to recover from the coronavirus pandemic. The number of unemployed increased by 3 thousand to 1418 thousand while employment increased by 866 thousand to 11,524. By region, unemployment in Gran Buenos Aires was the highest at 12.6 percent, followed by Pampeana (11.1 percent), Cuyo (8.4 percent), Noroeste (7.2 percent), Patagonia (7.2 percent), and Noreste (5.8 percent). The underemployment rate jumped to 15.1 percent from 13.4 percent in the prior quarter. A year ago, the jobless rate stood at 13.1 percent.
2021-03-25

Argentina Unemployment Rate
In Argentina, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.