More than 185,000 formal jobs were lost in the first 12 months of President Javier Milei’s government amid widespread austerity, spending cuts and the halting of all public works projects. According to data from the Labour Secretariat spanning December 2023 to November 2024, registered private-sector employment fell by 119,000, dropping from 6.38 million to 6.26 million workers. Meanwhile, public-sector employment shrank by 51,000 (from 3,484,000 to 3,433,000), with domestic workers also falling by 15,000 (from 464,000 to 449,000). By contrast, the number of self-employed workers under the monotributo self-employed scheme increased, but by 25,000 (from 2,037,000 to 2,062,000).
February 6, 2025
SOURCE: BUENOS AIRES TIMES
Data shows 185,000 jobs lost in Milei’s first 12 months