Over the last twelve months, 119,500 jobs were registered. The October figures represent a destruction of about 100 jobs a year ago. The crisis has accelerated the exchange rate and the effect of the government's delays in the flexibility to obtain funding from the IMF. The impact is among the private sector's salaried workers, with 69,900 employees counting less than one month in advance. Manufacturing industries had the most reversals. Due to the contraction of the domestic market contractions, after the rise in prices, the deviations and financial barriers had 49,500 fewer positions compared to the same month of 2017.
34-month-old 34-month management of change management that covers 34 manufacturing statistics. They have less than 115,000 jobs since Mauricio Macri's government began. That is, in less than three years, the percentage of industrial jobs that were at the end of 2015 were destroyed. In the last months, the growth was accelerated by the Indec Monthly Industrial Estimator, when the worst declines were calculated from the 2002 crisis. In October, there were 7100 fewer jobs than in September. Non-signaling measurements, however, reduced 8600 positions. Domestic market and financial contraction of financial uncertainty have increased due to rising tariffs and commercial openings to explain the labor crisis in the sector
Due to the permanent deterioration of manufacturing activity, retail trade has become the main employer of the Argentine economy. Thus, for the first time, for more than two decades, the commercial stock traded stock exceeds the industry. Dynamics will most often replace positions with salaries with lower levels of instability and income. However, despite being the most populated branch of activity, trade saw a significant drop in sales in the home market. In October, 2,500 jobs were lower before the previous month, and the seasonal effects were removed from 7300 jobs. The interannual comparison, however, has lost 17,500 posts.
The fiscal adjustment of the commitment to enter into the credits of the IMF made it possible to accelerate the fall of construction positions. The lost causes are 5,000-month positions without season, and 11,700 jobs exceed annual labor costs in the annual comparison. The decline in employment also shows the negative effects that financial uncertainties have on new private projects. The official commitment to reach the eighth deficit allows the predicted sector to be eliminated by registered employees. As with industry, the level of employment registered in construction is below the size of the presidency. According to data from the Argentine Integrated Pension System (SIPA), 1,800 jobs were lost in the sector. More than three activities have been shown at the end of 2015: transport, mining and business activities.
The work report and secretary's report published yesterday measured the ability to buy salaries. Official data showed an average annual revenue of 25.4% in October and prices rose 45.9%. According to Cetyd-Unsam, the year will fall by 13% in real rental. The increase in unemployment in the third quarter of 2018 in the context of the loss of purchasing power of registered employment recruitment is combined. Growth is 0.7 percentage point, and 8.3% reached the same period last year.
The latest report by the IMF staff forecasts, although there is a sharp tax adjustment required for deviations, the Argentine economy would recover in the second half of 2019. In any case, it is recommended by multilateral organization technicians to monitor. He proposed a reform of the wage repression and a change in the work regulation once more.