Unemployment in Argentina

Argentina Unemployment | Economic News & Forecasts

Argentina - Unemployment

The economic recovery is firming up, with recently released data showing that GDP expanded on an annual basis in Q1 after three quarters of sizeable drops. The expansion was underpinned by a turnaround in private consumption—despite rising unemployment—and fixed investment. The latest economic indicators tend to corroborate this brighter picture; economic activity expanded again in April and exports continued to rise in May, albeit modestly, while industrial production rebounded vigorously in the same month, on the back of strong external demand for food products and a jump in output in the automobile industry. However, households maintain a wait-and-see approach amid a slower-than-desired economic rebound, as signaled by June’s disappointing consumer confidence figure. In a bid to reaffirm the country’s rehabilitation in the financial markets, the government sold USD-denominated 2.75 billion of 100-year bonds in June. The government has affirmed it is on course to meet its fiscal targets, although the fiscal deficit in H1 was amply financed by a sustained expansion in the monetary base.

Argentina - Unemployment Data

2011  2012  2013  2014  2015  
Unemployment Rate7.2  7.2  7.1  7.3  -     

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Argentina Unemployment Chart

Argentina Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute (INDEC).

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate17.181.52 %Jul 18
Stock Market21,046-1.17 %Jul 18

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