In 12 months, private employment was reduced by 120,000 people

In the first 12 months of the management of Javier Milei that range from December 2023 to November 2024, Registered wage employment was reduced by 119,000 people When from 6,385,000 to 6,266,000 million workers.

In turn, Public employment shrinked in 51,000 people (from 3,484,000 to 3,433,000 million) and private houses staff, in 15,000 (from 464,000 to 449,000); while monotributistas increased by 25,000 (from 2,037,000 to 2,062,000 million).

In this way, the total registered workers were reduced from 13,392,000 to 13,281,000 million workers, according to the data of the Ministry of Labor, which depends on the Ministry of Human Capital.

In November, The registered work fell a monthly 0.1%, which implied 16,500 less workersafter a similar setback in October, which marks a slowdown. In this way, formal employment completed 11 of 12 months with setbacks or without growth since December 2023, when it assumed the current management.

“This negative variation It is explained, fundamentally, by the reduction of the number of workers in the monotax regime and social monotax. It is feasible that the set of modifications applied in recent months to the parameters and operating conditions of these two independent work regimes is among the factors that explain this dynamic, “explained the official report.

As for the private employmentthere was a creation of 2,400 positions in November, which is equivalent to A monthly variation rate without seasonality of 0.0%.

“It is evident that the growth of formal employment accumulated during the last four months is limited in relation to verified contraction in the previous months and compared to the expansion of the economic activity observed during the last months (as indicated in the report of the report of the last month). In December it slowed again until it reached a value similar to the verified in August“said the official report.

According to the information provided by the Survey of Labor Indicators (EIL), Private employment fell 0.2% in December In relation to the previous month, that the authorities attributed it to “seasonal factors.”

“In the months of December of each year the level of registered employment tends to contract by the drag that produces the seasonal fall of employment recorded in the construction and teaching sectors (the latter is contained in the aggregate communal and social services)” , explained the EIL report.

As for the sectors, the EIL shows that private employment only grew slightly in the manufacturing industry (0.1%), while staging in commerce, restaurants and hotels (0.0%), transport, financial and social services They showed negative values ​​(between 0.0% and -0.5%), and Construction fell (1.9%)“according to their seasonal behavior in the months of December.”

From December 2023 to October 2024, The registered average salary had in each month interannual variations less than inflation. Only in November, the salary variation was superior to that of prices.

The average gross nominal remuneration of November 2024 was $ 1,423,257 and grew 172.8% In relation to the same month of the previous year, while inflation was 166%. For its part, the median of gross remuneration was $ 1,077,793 (records an increase of 166.5% in the interannual comparison).

According to official projections, the real salary of December 2024 is slightly above (0.4%) of the highest salary level previously recorded in December 2022, month in which that value had been reached as a result of the implementation of a Salary of fixed sum defined by the Government.

“Nevertheless, The real salary of December 2024 is 9 percentage points below the level observed in December 2017and 11 percentage points below December 2015, “the report said.

Finally, work stressed that during the second semester of 2024 14 conflicts with unemployment on average per month were recorded, so Labor conflict registered the least number since 2006.