Only two provinces created private jobs since Milei took office
Only Neuquén and Río Negro in Argentina have managed to create private sector jobs since President Javier Milei took office, according to recent official data.
Since Javier Milei took office in Argentina, economic data has revealed that job creation in the private sector has been strikingly low, with only two provinces, Neuquén and Río Negro, managing to add registered private sector employees. This troubling trend points to a stagnation in quality employment across the country, which has been evident since 2011, with approximately 6.1 million quality jobs. Overall, the libertarian administration oversaw a loss of 192,400 registered private sector workers, which raises concerns about the current economic policies.
The specific growth in Neuquén and Río Negro can be attributed to the robust expansion of the Vaca Muerta shale formation, which has driven economic activity in these regions. Nevada Governor Alfredo Cornejo recently highlighted this issue through a post on social media, drawing attention to the contrast between his province's relatively better performance and the challenges faced by others. This variance highlights the divergent economic conditions across the provinces and raises questions about the effectiveness of the national policy under Milei.
These developments are critical not only for understanding local job markets but also for assessing the broader implications of Milei's economic strategies. As private job creation remains a key measure of economic health, the ongoing struggle faced by many provinces may lead to growing discontent among the population, especially as unregistered and informal jobs continue to proliferate. The government's ability to foster sustainable employment will be under scrutiny as these trends unfold in the coming months.