Argentina’s unemployment rate has dropped to 6.4% in Q4 2024, a one-year low, down from 6.9%. Employment rate and labor participation increased to 45.7% and 48.8%, respectively.
Argentina’s unemployment rate has declined to 6.4% as of the fourth quarter of 2024, a decrease from 6.9% in the prior period. This represents the lowest unemployment rate recorded since the fourth quarter of 2023. Concurrently, the employment rate experienced an increase, rising to 45.7% from 45.0% in the previous quarter. Moreover, labor force participation rose to 48.8%, up from 48.3%.
In summary, Argentina has achieved a significant reduction in its unemployment rate to 6.4%, alongside increased employment and labor force participation rates. These developments are indicative of a positive trend in the country’s economic landscape, marking notable progress in the job market.
Original Source: www.tradingview.com
