Argentina’s Unemployment Rate Declines to One-Year Low in Q4 2024

Argentina’s unemployment rate decreased to 6.4% in Q4 2024, its lowest since Q4 2023, while the employment rate rose to 45.7% and the labor force participation rate increased to 48.8%.

In the fourth quarter of 2024, Argentina experienced a decline in its unemployment rate, which fell to 6.4%, down from 6.9% in the previous quarter. This figure represents the lowest unemployment rate recorded since the fourth quarter of 2023. Furthermore, there was a notable increase in the employment rate, which rose to 45.7% from 45.0% in the prior period. Additionally, the labor force participation rate witnessed an upsurge, increasing to 48.8%, compared to 48.3% in the preceding quarter.

The recent employment statistics indicate a positive trend in Argentina’s labor market, with a decrease in the unemployment rate and increases in both the employment and labor force participation rates. These developments suggest a strengthening economy and may contribute to further improvements in job creation.

Original Source: www.tradingview.com