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Unemployment fell to 5.4% in the third quarter of last year


February 21, 2024 – 16:08

In this way, unemployment affected 1.1 million people.

Unemployment fell to 5.4% in the third quarter of last year

The rate of unemployment of the third quarter of 2023 was located in the 5.4%which represented a decrease of 1.3 percentage points compared to the 6.7% recorded in the same period last year, the National Institute of Statistics and Censuses (Indec) reported this Wednesday. This way, unemployment affected 1.1 million people.

Of 42.5 million people, 52.7% are part of the inactive population compared to 47.3% of the economically active population. The busy they were located there were 19 million citizens of which, 2.9 million were job seekers versus 2 million who were underemployed (they work less than 35 hours a week and are willing to work more hours).

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So much the activity rate (47.3%), such as the employment rate (44.7%), and unemployment (5.4%)had in the third quarter of 2023, the best data of the last 5 yearsas reflected this day by the INDEC.

Evolution of income distribution

In the same period The average income was $184,455, this data is made up of the average income of men ($212,532) compared to the average income of women ($156,774), which implies a gap of 26.3%. At the same time 75.7% of income was from work compared to 25.6% of non-labor income.





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