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.

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Argentina Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.70 10.60 20.80 5.90 2002 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-21 07:00 PM Q4 9.1% 9% 8.10%
2019-06-19 07:00 PM Q1 10.1% 9.1% 9.20%
2019-09-19 07:00 PM Q2 10.6% 10.1% 10.2%
2019-12-18 07:00 PM Q3 9.7% 10.6% 10.8%
2020-03-26 07:00 PM Q4 9.7% 10.7%


News Stream
2019-09-20
Argentina Jobless Rate Highest since 2006
The unemployment rate in Argentina rose to 10.6 percent in the second quarter of 2019 from 10.1 percent in the previous period. It was the highest jobless rate since the first quarter of 2006, as the number of unemployed increased to 1438 thousand from 1338 thousand. In the second quarter of 2018, the jobless rate was lower at 9.6 percent. By region, unemployment in Gran Buenos Aires was the highest at 11.9 percent, followed by Pampeana (11 percent), Noroeste (9.4 percent), Patagonia (7.1 percent), Cuyo (6.3 percent), and Noreste (3.7 percent). The underemployment rate jumped to 13.1 percent (vs 11.8 percent in Q1).


Argentina Unemployment Rate
In Argentina, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Argentina Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.70 10.60 20.80 5.90 percent [+]
Employed Persons 11934.00 12073.00 16100.01 10560.47 Thousand [+]
Unemployed Persons 1287.00 1438.00 3406.25 709.00 Thousand [+]
Employment Rate 42.60 42.60 43.40 36.30 percent [+]
Labor Force Participation Rate 47.20 47.70 47.70 44.50 percent [+]
Wages 46405.00 45129.00 61300.00 913.00 ARS/Month [+]
Minimum Wages 16875.00 16875.00 16875.00 0.00 ARS/Month [+]
Population 44.50 44.05 44.50 20.68 Million [+]
Wage Growth 3.78 2.63 6.33 0.74 percent [+]
Living Wage Family 14400.00 12200.00 14400.00 10300.00 ARS/Month [+]
Living Wage Individual 10400.00 8560.00 10400.00 6550.00 ARS/Month [+]
Wages High Skilled 20500.00 19500.00 20500.00 13300.00 ARS/Month [+]
Wages Low Skilled 10500.00 10200.00 10500.00 6250.00 ARS/Month [+]