The formal labor market has been growing for 21 consecutive months

Although there have been various signs of an economic slowdown since September last year, the labor market has continued to grow with the same strength as when the pandemic emerged. In fact, last December marked 21 consecutive months of growth in the formal sector.

According to data from National Ministry of Laborthe universe of registered workers increased from 12,468,856 people in the last month of 2021 to 13,076,773 in the same month of 2022, an increase of 4.9% (607,917 more workers).

However, in such a large market, it is worth analyzing what type of job is the one that “takes over” in the Argentina. The government divides the statistics into “private sector salaried employment”, “public sector salaried employment”, “employment in private households”, “self-employed self-employed”, “mono-tributist self-employed” and “social mono-tributist self-employed”. .

The truth is that most of these categories ended the year with positive numbers, but not all performed the same.

According to official data, the category that brought in the most new workers between December 2021 and the same month of 2022 was that of “wage employment in the registered sector”. According to government data, 263,482 jobs were created during the period analyzed. In addition, 6,291,169 employees were reached, a value very close to the historical record of March 2018, when 6,322,588 formal employees were recorded.

The second most important sector was the “self-employed monotributo social workers”. In this category, there were 440,046 people in 2021 and 611,618 people were reached in 2022, or 171,572 more (38.9% improvement). Remember that the monotribut social is intended for low-income sectors.

Most jobs created last year are private sector jobs (REUTERS)
Most jobs created last year are private sector jobs (REUTERS)

It is the same the case of “monotributista independent workers”. Official data indicates that 116,619 jobs were created in this category over the twelve months used in the analysis. There were 1,769,927 active monotributists at the end of 2021 and 1,886,546 in the last days of 2022.

Between these three groups, 551,673 new jobs were created, or 91% of the total.

Although its variation didn’t have as much of an impact on the overall stats, the number of public sector employees also what to talk about. According to data from the Ministry of Labor, there are already 3,423,873 public employees in Argentina, which represents a growth of 1.51% compared to December 2021, when there were 3,372,906 workers in this category.

What is striking is that there is no recent statistical precedent with such a high value. The statistics published by Nación show historical data up to January 2012 and a simple examination of previous years can verify that there have never been so many employees in the public sector as there are today.

Unlike state employees, the category of “autonomous independents” It was far from the record of the end of last year, but it also showed positive values.

Statistics indicate that at the end of 2021, there were 385,414 people who were self-employed. A year later, the number rose to 391,757 workers, which represents an improvement of 1.65% and a difference of 6,343 people.

So far, the best record from 2012 dates back to September 2013, when there were 430,798 self-employed in Argentina.

There is only one category that has lost workers over the past year. This is “employment in private homes”.

Despite the stimulus measures for the registration of domestic workers, statistics show that between December 2021 and the same month of 2022, 1,066 such jobs were lost, from 472,786 to 471,810 employees.

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