The unemployment rate fell to 6.9% in the second quarter of the year

The unemployment rate in the second quarter of the year fell to 6.9%, compared to 9.6% in the same period last year, the National Institute of Statistics and Censuses (Indec) reported on Wednesday, September 21. In addition, 6.9% of the range from April to June was one tenth below the 7% registered in the first quarter of this year. In this way, the drop in unemployment accompanies the growth of the Gross Domestic Product (GDP) of 6.9% in the second quarter of this year.
In the population aged 14 and over, the unemployment rate for women was 7.8 per cent and for men 6.1 per cent.

Within the regions, those that showed the highest unemployment rate were Greater Buenos Aires (7.8%) and Pampeana (6.5%). In contrast, the region with the lowest unemployment rate was the Northeast (4.1%). In this sense, the report revealed that the agglomerates with the largest population were the most affected by unemployment: in those with 500,000 inhabitants, it resulted in 4.6% of the Economically Active Population (EAP), while it was positioned at 7.3% in those with 500,000 and more inhabitants.

In the second quarter of 2022, the activity rate (TA), which is the one that measures the economically active population (EAP) over the total population, reached 47.9%, higher than the 45.9% of the same period last year. Meanwhile, the employment rate (TE), which measures the proportion of employed people in relation to the total population, rose from 41.5% last year to 44.6% in the second quarter of this year, reported the Indec.La underemployment rate was 11.1% of the PEA, compared to 12.4% last year. While the other employed plaintiffs and the other employed non-plaintiffs available reached, together, 10.8% of the PEA. In this sense, the pressure on the labor market, made up of the universe of unemployed, underemployed, employed claimants and employed non-demanding available, reached 28.8% of the PEA, against 32.4% in the same period last year.

Original source in Spanish

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