Argentina’s unemployment rate decreased to 6.4% in Q4 2024, the lowest in a year. The employment rate increased to 45.7%, while the labor force participation rate rose to 48.8%.
In the fourth quarter of 2024, Argentina’s unemployment rate experienced a decline to 6.4%, down from 6.9% in the previous quarter. This marks the lowest unemployment level recorded since the fourth quarter of 2023. Concurrently, the employment rate rose to 45.7%, an increase from 45.0% in the prior quarter. Additionally, the labor force participation rate saw an upturn, rising to 48.8% from 48.3%.
The decrease in Argentina’s jobless rate to 6.4% in the fourth quarter of 2024 reflects positive economic trends, alongside improvements in both the employment rate and labor force participation. Such developments indicate a strengthening labor market.
Original Source: www.tradingview.com
