The unemployment rate in Argentina jumped to 10.4 percent in the first quarter of 2020 from 8.9 percent in the previous period, but below market expectations of 10.9 percent. It was the highest jobless rate since the second quarter of 2019, amid the coronavirus crisis. The number of unemployed climbed by 198 thousand to 1394 thousand. By region, unemployment in Gran Buenos Aires was the highest at 11.5 percent, followed by Pampeana (10.1 percent), Noroeste (9.9 percent), Patagonia (7.3 percent), Cuyo (7.2 percent), and Noreste (5.4 percent). The underemployment rate declined to 11.7 percent from 13.1 percent in the prior quarter. A year ago, the jobless rate was lower at 10.1 percent.
Unemployment Rate in Argentina averaged 9.44 percent from 2002 until 2020, reaching an all time high of 20.80 percent in the fourth quarter of 2002 and a record low of 5.90 percent in the third quarter of 2015. This page provides - Argentina Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Unemployment Rate in Argentina is expected to be 11.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Argentina to stand at 11.50 in 12 months time. In the long-term, the Argentina Unemployment Rate is projected to trend around 10.60 percent in 2021 and 9.70 percent in 2022, according to our econometric models.