The unemployment rate in Argentina declined to 11.7 percent in the third quarter of 2020 from 13.1 percent in the previous period, declining from the highest jobless rate since the third quarter of 2004, as the economy began to recover from the coronavirus pandemic. The number of unemployed declined by 21 thousand to 1415 thousand while employment increased by 1,112 thousand to 10,658. By region, unemployment in Gran Buenos Aires was the highest at 13.8 percent, followed by Pampeana (11.2 percent), Noroeste (8.6 percent), Noreste (7.3 percent), Cuyo (7.0 percent), and Patagonia (6.5 percent). The underemployment rate jumped to 13.4 percent from 9.6 percent in the prior quarter. A year ago, the jobless rate was lower at 9.7 percent. source: Instituto Nacional de Estadística y Censos (INDEC)
Unemployment Rate in Argentina averaged 9.53 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 March of 2021.
Unemployment Rate in Argentina is expected to be 13.30 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 12.50 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.