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With the recession affecting the economy, the National Institute
of Statistics and Census (INDEC) reported that unemployment rose to
9.3% of the population in the second quarter of 2016 compared with
the third quarter of last year which was 5, 9%.
As the manufacturing sector is one of the most affected by the
recession - particularly small and medium-sized enterprises - no
wonder that the highest unemployment figures coincide with the
industrial centers.
In addition, unemployment is felt more intensely in the most
populated cities, by the fall in construction. According to the
latest report of the Estudio Bein, the activity in the second
quarter and the first records of the third quarter speak for
themselves: the economy is still in recession with losses reaching
18% in construction, 6% in industry and 5% in trade.
The highest unemployment rates correspond to Gran Rosario -
11.7%, -Mar del Plata - 11.6% - Gran Córdoba - 11.5% -
Greater Buenos Aires - 11.2% - Rio Cuarto - 10.5% - and 10.6%
Buenos Aires -. Thus, the number of unemployed amounted to
1,165,000 people.
"It is clear that we face a serious situation in the labor
market", said the head of the INDEC, Jorge Todesca, at the
press conference.
The above 9, 3% rate increase released by the official body is
coincident with some private estimates, as the Estudio Bein
projected 8.5%, while others, such as Ecolatina projected
unemployment of 12% for the year. Meanwhile, the Directorate
General of Statistics and Censuses of the City of Buenos Aires estimated that the unemployment rate in the first quarter of the
year came to 8,6%, with an increase of nearly two points compared
to 6.8% for at the end of 2015.
Underemployment according to the INDEC represents 11.2% of the
population.
Another fact that emerges from the official report is that one
of every three workers works in the informal economy. According to
INDEC, the proportion of unregistered employment reaches 33.4%.
According to specialists in the labor market, the permanence of
a high unregistered employment rate responds to various factors,
including labor legislation that favors litigation and the heavy
burden of taxes and contributions. According to the categories,
entrepreneurs must face a labor cost representing between 35 to 50%
of salary. Meanwhile, workers suffer a discount of 12% by
contributions.
According to data from the Ministry of Labor corresponding to
last May, registered employment reaches 6,135,000 people,
representing destruction of almost 60,000 jobs from the previous
month.
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