Argentina’s Unemployment Rate Declines to One-Year Low

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

Argentina’s unemployment rate has declined to 6.4% in the fourth quarter of 2024, a notable reduction from 6.9% in the third quarter. This marks the lowest unemployment level since the fourth quarter of 2023. Concurrently, the employment rate has risen to 45.7%, up from 45.0% in the previous quarter, indicating positive labor market trends. Additionally, the labor force participation rate also increased to 48.8%, compared to 48.3% in the prior period, reflecting greater engagement among the workforce.

The recent decline in Argentina’s unemployment rate to 6.4% suggests an improvement in the job market. This is supported by an increase in both the employment rate and the labor force participation rate, highlighting a growing engagement and employment in the economy.

Original Source: www.tradingview.com