The unemployment rate in Argentina jumped to 13.1 percent in the second quarter of 2020 from 10.4 percent in the previous period. It was the highest jobless rate since the third quarter of 2004, as the coronavirus pandemic hit the labour market. The number of unemployed climbed by 43 thousand to 1437 thousand while employment dropped by 2455 thousand to a 15-year low of 9546. By region, unemployment in Gran Buenos Aires was the highest at 13.2 percent, followed by Pampeana (16.7 percent), Cuyo (11.4 percent), Patagonia (10 percent), Noroeste (9.1 percent), and Noreste (7.2 percent). The underemployment rate declined to 9.6 percent from 11.7 percent in the prior quarter. A year ago, the jobless rate was lower at 10.6 percent. source: Instituto Nacional de Estadística y Censos (INDEC)
Unemployment Rate in Argentina averaged 9.49 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 November of 2020.
Unemployment Rate in Argentina is expected to be 13.60 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 12.70 in 12 months time. In the long-term, the Argentina Unemployment Rate is projected to trend around 12.30 percent in 2021 and 10.00 percent in 2022, according to our econometric models.