Contrary to the prevailing idea of an "employment crisis," INDEC data show that in the last two years Argentina has created 330,000 jobs, reaching 21 million employed people, both formal and informal.
The most striking transformation is the internal restructuring of the market: less public sector employment and more private sector employment, in all its forms.
Public sector employment fell by 367,000 jobs, leaving 3.3 million public sector workers. This is a historic contraction, unprecedented after more than fifteen years of constant expansion in the public sector.
This adjustment not only reduces spending but also reorganizes the State's weight in the labor market, which is key for any sustainable growth process.
Meanwhile, as the State shrinks, private sector employment keeps its upward curve:
- Self-employed (monotributistas): +510,000, totaling 5.7 million.
- Private sector employees: +96,000, reaching 6.1 million.
The majority of jobs created come from the productive sector: commerce, professional services, trades, and activities linked to the real economy.
Here is a crucial fact: all this is happening under one of the most rigid, expensive, and outdated labor regimes in Latin America. This means that labor reform would unleash a boom in job opportunities for the country.
