The unemployment rate in Argentina declined to 11 percent in the fourth quarter of 2020 from 11.7 percent in the previous period, declining for the second quarter after hitting in Q2 the highest jobless rate since the third quarter of 2004, as the economy continues to recover from the coronavirus pandemic. The number of unemployed increased by 3 thousand to 1418 thousand while employment increased by 866 thousand to 11,524. By region, unemployment in Gran Buenos Aires was the highest at 12.6 percent, followed by Pampeana (11.1 percent), Cuyo (8.4 percent), Noroeste (7.2 percent), Patagonia (7.2 percent), and Noreste (5.8 percent). The underemployment rate jumped to 15.1 percent from 13.4 percent in the prior quarter. A year ago, the jobless rate stood at 13.1 percent. source: Instituto Nacional de Estadística y Censos (INDEC)
Unemployment Rate in Argentina averaged 9.55 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 June of 2021.
Unemployment Rate in Argentina is expected to be 12.00 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 10.80 in 12 months time. In the long-term, the Argentina Unemployment Rate is projected to trend around 9.50 percent in 2022 and 9.20 percent in 2023, according to our econometric models.