Sixty Per Cent of Argentineans are Unemployed

The neoliberal measures imposed by the government of Mauricio Macri have left thousands of Argentineans unemployed 60 per cent of Argentines are unemployed

By: Juventud Rebelde


2016-11-12 | 12:16:22 EST
Photo: TelesurZoom

A study conducted by the University of Belgrano revealed that 6 out of 10 people of working age in Argentina have difficulty obtaining employment. Research includes unemployed, underemployed, those busy looking for work and overemployed.

The report shows that "only 37.2 per cent would have a regular job", which means that 4 out of 10 Argentines have "normal" work. "Of a total of 20 million members of the economically active population, only 7.4 million would be in the latter condition."

In places like Tierra del Fuego that informality drops to 7.8 per cent, while in Salta and Tucumán it increases to 44.8 and 44.3 per cent, respectively.

"This x-ray poses a huge challenge. It is necessary to create employment, but above all quality employment, which not only reduces unemployment and underemployment, but also drastically reduces informal and precarious employment," said Victor Beker, director of CENE.

"This requires a real shock of productive investments that will boost economic growth and the demand for labour," he added.

Mauricio Macri assumed the presidency of Argentina on December 10, 2015 and since then has shaken the country's economy with a package of neoliberal measures, ranging from increased prices of gasoline, gas, water, electricity and transportation.

These measures have left thousands of Argentines unemployed and, in addition, have devalued the salaries of citizens.

Translated by ESTI

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