Unemployment in Argentina

Argentina Unemployment | Economic News & Forecasts

Argentina - Unemployment

The economy contracted again in the third quarter, weighed down by plummeting domestic demand amid soaring inflation and interest rates, and a significant depreciation of the peso. Recession likely carried over into the fourth quarter, as suggested by shrinking economic activity in October and plunging industrial production in October-November. In more positive news, November saw the third consecutive trade surplus, while inflationary pressures moderated notably in October-November. Meanwhile, on 19 December the IMF completed the second review of the standby agreement and disbursed an additional USD 7.6 billion. While recognizing that weaker inflation and the peso’s stabilization are encouraging signs, the Fund urged the government to keep cutting energy subsidies and to limit public wage increases in order to keep public finances in check.

Argentina - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.1  7.3  7.1  8.4  8.4  

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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 Rate37.520.45 %Jan 30
Stock Market36,0392.26 %Jan 30

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