The unemployment rate in Argentina declined to 9.7 percent in the third quarter of 2019 from 10.6 percent in the previous period. It was the lowest jobless rate in three quarters and reverted the highest rate since the first quarter of 2006, as the number of unemployed dropped to 1287 thousand from 1438 thousand. In the third quarter of 2018, the jobless rate was lower at 9.0 percent. By region, unemployment in Gran Buenos Aires was the highest at 11.1 percent, followed by Pampeana (9 percent), Noroeste (8.5 percent), Patagonia (6.6 percent), Cuyo (6.5 percent), and Noreste (4.6 percent). The underemployment rate fell to 12.8 percent from 13.1 percent in Q2. Unemployment Rate in Argentina averaged 9.43 percent from 2002 until 2019, 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. source: Instituto Nacional de Estadística y Censos (INDEC)
Unemployment Rate in Argentina is expected to be 10.70 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 9.70 in 12 months time. In the long-term, the Argentina Unemployment Rate is projected to trend around 8.70 percent in 2020, according to our econometric models.