Wednesday, December 8

Registered employment exceeds the pre-pandemic level by more than 50,000 positions


Official data indicate that by the eighth month of the year there were 9,670,200 private wage earners, which indicates a growth of 2%. Of these, 5,894,100 were private (+ 2.1%) and 3,300,700 public, (+2.9). On the other hand, 475,300 employees were registered in private homes, which marked a drop of 1.2%.

Monotributistas

Among the non-salaried there were 2,487,400 workers, which marked a year-on-year increase of 4.9%. This group is made up of 1,712,300 monotributistas, who rose 5.4%; 380,600 self-employed, who fell 3.6% and 394,500 social monotributistas, who grew 12%.

Data from the Ministry of Labor show that private sector companies have problems creating jobs, since they are behind the State. The different categories of monotributistas also grow relatively much more while those of self-employed workers decrease. In fact, the number of private wage earners is 134,300 lower than in February 2020, when the pandemic began.

The labor portfolio highlights that “in August, the SIPA information reflects the accumulation of ten months of consecutive growth in the number of male and female workers with formal salaried employment in the private sector” and that in September “the results of the Survey of Indicators Labor (EIL) confirm the continuity of this growing trend “

In the eight months of 2021, there are rates of positive variations in registered employment. The 0.2% growth in August represents the highest variation rate since May 2021, although it is still 1.0% below the level of employment prior to the start of the pandemic (first quarter of 2020)

Regarding the trend, the EIL reveals that in September the level of private employment registered in companies with more than 10 employed persons of the total of the surveyed agglomerates increased by 0.2% in relation to the previous month, sustaining the growth rate of the last month.

Expectations

The net expectations of the companies in relation to the hiring of personnel for the next three months are 5.1%, consolidating the growing trend observed for 6 months. The indicator arises from the difference between the proportion of companies that expect to increase their endowments and those that expect to decrease it: Of the 7.1% of companies that declare that they will make changes to their endowments in the next 3 months, 6.1% expects to increase the endowment and only 1% estimate that it will reduce it.



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