Friday 19 April 2024

Unemployment Hits Over One Million Argentines

Paying the bills

Latest

Can Microdose Mushrooms Boost Productivity? Find Out What Experts Are Saying

Microdosing involves taking a small, controlled amount—usually around 1/8...

“Respect for the division of powers” legislator tells President Chaves

QCOSTARICA - A call for respect for the division...

Carlos Alvarado: Populism is thriving in Costa Rica

QCOSTARICA -- On Wednesday, former president Carlos Alvarado (2018-2022),...

1960s Costa Rica

QCOSTARICA - The first indigenous peoples of Costa Rica...

Holidays left in 2024

QCOSTARICA -- Costa Rica just came off a long...

Costa Rica will not receive African migrants

QCOSTARICA -- Costa Rica's President, Rodrigo Chaves, stated on...

Dollar Exchange

¢499.09 BUY

¢504.07 SELL

19 April 2024 - At The Banks - Source: BCCR

Paying the bills

Share

macri_unemployement(Prensa Latina) In tone with the recession affecting today the Argentinean economy, unemployment rose to 9.3 percent in the second quarter of 2016, meaning that one million 165 thousand citizens are jobless at the end of June.

The amounts were reported by the National Institute of Statistics and Census (Indec), which admitted the manufacturing sector is one of the worst hit by retraction and particularly the small and medium enterprises.

The news portal El Destape web says by the numbers of Indec, it can be calculated that one million 688 thousand Argentineans were left unemployed from the end of September 2015 to the end of June, 2016.

- Advertisement -

The report coincides with the estimates of private consultants, including EcoLatina which calculates the loss of workplaces will rise to 12 percent by the end of this year.

After knowing the labor data, the Secretary General of the Central de Trabajadores de Argentina (tradeunion), Hugo Yasky, said on Tuesday to the CSN network that ‘when employment goes down, so do the salaries’.

‘There are some who say the Government needs two digits of unemployment so trade unions bow their heads. This is not by chance, the high unemployment rates go hand in hand with tghius government’s policies’, he warned.

Yasky, favoring that all trade unión federations summon a general strike, he believes ‘if we workers do not defend employment and demand a social policies agenda and the protection of the small Enterprise, the situation will get worse’.

- Advertisement -
Paying the bills
Q24N
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Discover more from Q COSTA RICA

Subscribe now to keep reading and get access to the full archive.

Continue reading