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Argentina's Unemployment Hits 7.5% Amid Labor Reforms

3/19/2026

43 6 Full Breakdown

Summary

Story summary

Argentina's unemployment rose to 7.5% at the end of last year, the highest since the pandemic.
Job losses rose before President Javier Milei enacted a major labor reform last month.
The formal sector shed over 200,000 salaried jobs, about 3% of the total.
Milei's labor reform, passed in February, was welcomed by markets, though economists caution it may not yield immediate job growth amid sluggish activity and weak consumer spending.

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Story summary

Argentina's unemployment rose to 7.5% at the end of last year, the highest since the pandemic.
Job losses rose before President Javier Milei enacted a major labor reform last month.
The formal sector shed over 200,000 salaried jobs, about 3% of the total.
Milei's labor reform, passed in February, was welcomed by markets, though economists caution it may not yield immediate job growth amid sluggish activity and weak consumer spending.