Unemployment was 8.2% in the third quarter of the year

In the third quarter of the year, the official unemployment rate stood at 8.2%, as reported on Tuesday by the National Institute of Statistics and Censuses (INDEC).

The official measurement indicated that the activity rate (TA) – which measures the economically active population (EAP) over the total population – reached 46.7% and the employment rate (TE) – which measures the proportion of people employed in relation to the total population – was 42.9%.

The unemployment rate reported by INDEC for the second quarter of 2021 had been 9.6%.

In this way, it was below the 10.6% of the same period of 2019 but with fewer people in activity and employment, according to the figures of the Permanent Household Survey (EPH).

The official data marked a drop in unemployment for the fourth consecutive quarter, after it reached a peak of 13% in the second quarter of 2020, being the period most affected by the coronavirus pandemic.

By Editor

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