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Declining Labour Market: Formal Employment Falls and the Minimum Wage Loses Strong Purchasing Power
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More than 200,000 jobs were lost in formality since November 2023. Industry and commerce are the sectors most affected. The data were compiled by a report from the UBA. The formal labour market again showed signs of deterioration during March, while the minimum wage deepened the loss of purchasing power accumulated since the end of 2023. This is the result of the last report prepared by the Employment, Distribution and Labour Institutions (EDIL)…
In March, there was a drop in formal wage work and a fall in salaries. The IIEP-UBA report also warns of a sustained drop in the number of employers.
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