Argentina’s unemployment rate fell to 6.4% in Q4 2024, its lowest since Q4 2023. The employment rate increased to 45.7%, and the labor force participation rate rose to 48.8%, indicating positive trends in the labor market.
In the fourth quarter of 2024, Argentina experienced a significant decline in its unemployment rate, which fell to 6.4%. This figure represents a decrease from 6.9% recorded in the previous period and marks the lowest unemployment rate since the fourth quarter of 2023.
Additionally, the employment rate rose to 45.7%, up from 45.0% in the prior quarter. Furthermore, the labor force participation rate saw an increase to 48.8%, compared to 48.3% in the previous quarter, indicating a positive trend in the labor market.
The drop in Argentina’s unemployment rate to 6.4% in the fourth quarter of 2024, alongside an increase in both the employment and labor force participation rates, highlights a favorable development in the nation’s labor market. These figures suggest an improving economic condition over the past year, reflecting enhanced job opportunities for the population.
Original Source: www.tradingview.com
