For the fall in employment and wages, the worker participation in relation to the value of production of companies fell from 45% to 43.4% between the second quarter of 2023 and the same quarter of 2024, according to the “Income Generation and Labor Input Account” reported by INDEC.
Aside from seasonal factors and in a context of a sharp decline in activity, this fall was accentuated with the devaluation of December 2023, the reduction of salaries and jobs during the first half of 2024.
On the other hand, the surplus of companies remained at 45.1% in year-on-year terms, but also, apart from seasonal factors, it increased in the first half of 2024.
Meanwhile, the income of unincorporated companies (“gross mixed income” IMB) rose from 12.8% to 13.8% in the interannual measurement.
Without considering the public sector, The relative participation of labor falls to 35.6%, the business surplus rises to 51.3% and the IMB to 15.7%, the official report clarifies.
The Income Generation account, in the remuneration of work item, computes the wage bill: salary per worker, the number of jobs occupied and the hours worked.
From the Report it appears that in 12 months, The largest falls in participation were concentrated in the public sector, construction and public education. of the workers.
In the second quarter of 2016, workers took 48.2% of the “cake”, they fell to 43.9% in the same quarter of 2019, with the pandemic it plummeted to 39.8%, it stood at 45% in the second quarter of 2023 and decreased to 43.4% between April-June 2024.
Los total jobs reached 22,267,000, “which represented an increase of 0.5% compared to the same quarter of 2023. The increase observed in jobs was highlighted unregistered employees (2.9% year-on-year)”, according to the official report.
Unregistered employees increased from 5,417,000 to 5,572,000. On the other hand, registered employees fell from 11,180,000 to 11,033,000.
Non-salaried jobs rose from 5,568,000 to 5,662,000.
However, and also apart from seasonal factors, the evolution of the total number of workers shows a change, with a sharp decrease in the first half of this year among all types of work.
For its part, according to INDEC, “in this quarter there is a decrease of 1.6% in hours worked compared to the same quarter in 2023. The hours of salaried employees fell 2.1% and those of non-salaried employees decreased 0 .1%. In the case of those registered, the decrease in hours worked is 1.8%, while the hours corresponding to those not registered had a decrease of 2.8%.”
The drop in working hours was widespread but he concentrated more strongly on the construction, electricity, gas and water, manufacturing industry and among the staff of Private Houses.
Of the 5,572,000 unregistered employees, in 4 sectors – construction, agriculture, social services and private health and private home personnel – are more unregistered workers than registered ones.