Argentina Unemployment Rate Falls to 7.2% in Q2

Argentina’s jobless rate fell to 7.2 percent in the second quarter of 2013, from 7.9 percent in the first three months of 2013, the national statistics agency reported on August 20th.

In the June 2013 quarter, the number of unemployed people decreased to 858 thousand, from 925 thousand in the first three months of 2013. 

While Pampeana area recorded the highest jobless rate (8.5 percent, from 8.2 percent in the first three months of 2013), unemployment from Great Buenos Aires area dropped to 7.6 percent from the 8.9 percent recorded in the previous quarter.

The number of people employed increased 2.2 percent from the previous quarter to 10 985 thousand. The employment rate rose 0.9 percentage points to 43.1 percent in the June quarter. Yet, the number of people working less than 35 hours per week increased to 1.15 million, from 1.06 million in the previous quarter.

Joana Taborda |
8/22/2013 10:12:20 AM