Why does Argentina have a high unemployment rate?
Unemployment in Argentina rose a 16-year high to 13.1 percent in the second quarter of 2020, the INDEC national statistics bureau revealed Wednesday, pushed higher by economic turmoil and the coronavirus pandemic. INDEC’s data was the worst officially recorded unemployment rate since 2004.
Is unemployment a problem in Argentina?
Argentina is in second place above the region’s average, with an unemployment rate of 17.3% (See Figure 1). Labour markets in developing countries, especially in Latin America5 show high informality level; even if Argentina is below the region average it is still a problem that the society has to face.
Does Argentina have a high unemployment rate?
This statistic shows the unemployment rate in Argentina from 1999 to 2020. In 2020, the unemployment rate in Argentina was at approximately 11.67 percent.
Argentina: Unemployment rate from 1999 to 2020.
What is minimum wage in Argentina?
|Nominal (US$)||Nominal (US$)|
What is the average income in Argentina?
What’s the average salary in Argentina? The average wage in Argentina is $1.89 (110ARS) hourly, $326.49 (19,014ARS) monthly, and $3,917.92 (228,168ARS) yearly. The highest yearly salaries are in the cities of Buenos Aires, Cordoba, and Rosario at $4,511.12, $4,472.83 and $4,438.21 respectively.
What is the population below poverty line in Argentina?
Population below poverty line: 35.5% (2019 est.) Definition: National estimates of the percentage of the population falling below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group.
Does Argentina have a jobs guarantee?
To deal with the looming crisis and skyrocketing unemployment and poverty rates, the Argentinean government implemented a limited job guarantee program called Plan Jefes y Jefas de Hogar Desocupados (Program for the Unemployed Male and Female Heads of Households, or simply Jefes).
What percent of Argentina is in poverty?
Argentina is one of two countries that has seen an upward shift in its poverty population. In 2017 its poverty population was recorded at 27.5% and in 2018 reached 32%.