In the past year, formal employment in Argentina has seen a decline, with a loss of 105,174 registered employees contributing to social security due to company closures and layoffs.
In Argentina, the formal employment sector has experienced a significant downturn over the past year, with the total number of registered employees contributing to social security dropping from 9,729,996 to 9,624,822. This loss of 105,174 workers reflects broader economic challenges, including company closures, layoffs, and voluntary retirements impacting both public and private sectors. The private sector alone accounted for a loss of 66,644 workers within the same timeframe, indicating a crucial shift in employment stability.
The recent data from November 2025 illustrates that the total decline over the past two years amounts to 277,394 registered employees. Specifically, there was a notable decrease of 152,242 workers in comparison to November 2023, alongside a substantial drop in contributions to social security from private sector employees, which fell from 6,163,635 to 6,011,393. This trend raises concerns about the health of the job market and the livelihoods of many Argentinians.
Furthermore, the reported figures do not encompass the recent wave of business closures and layoffs that have impacted medium and large enterprises. The ongoing economic strain, referred to as the "motosierra" on employment, signals potential challenges ahead for workers and their families as the country grapples with increasing unemployment and economic instability.
