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The January 2024 national unemployment rate was 12.7%, down from 13.7% in January 2023. Seasonally adjusted, the national rate decreased by 0.4 percentage points (p.p.) between December 2023 and January 2024, although it remains above the values observed in the middle of last year.
February 3, 2024
In 2023, the average unemployment rate was 10.2% at the national level, decreasing by one percentage point with respect to 2022. Thus, labor variables showed resilience in a context of deceleration. However, by the end of the year, since September, a deterioration in the labor market to be monitored in 2024, was seen.
Social Security affiliation fell by 11,600 people and unemployment by 24,600. After adjusting for seasonality, we estimate that the number of affiliated workers grew by 25,000 (2,500 more than in Oct) and the number of unemployed fell by 16,000…
… grows by 0.8% MoM in October, slightly below the average since 2010 (0.9% MoM). With the creation of 173 thousand formal jobs, October ranks as the fourth-highest figure since 1998. However, it stands 1.2 percentage points below the average y…
Social Security affiliation increased more than expected in September (18,300 people), although the increase in unemployment surprised negatively (19,800 people). After adjusting for seasonality, employment grew in 3Q23 (0.3% QoQ CVEC), hiring …
The growth in Social Security affiliation (21,900) and the reduction in unemployment (-11,000) in July were lower than expected. Seasonally adjusted, the number of affiliates increased by 16,000, 5,000 more than in June, and the number of unemployed by 11,000 after nine months of decline.
Social Security affiliation increased last month (238.400) and unemployment fell (-73.900). After adjusting for seasonality, employment grew by 120.000, the temporary employment rate fell (to 57.3%) and also did unemployment (-33,000).
In February 2023, the national unemployment rate was 11.4%, seasonally adjusted, showing lower levels than in previous months, explained by an increase in the population outside the labor force, with employment remaining at similar levels since…
Social Security affiliation rose strongly in February (88,900) and unemployment practically stagnated (2,600). After adjusting for seasonality, it is estimated that both the number of Social Security affiliation (83,000) and temporary employmen…
Social Security affiliation fell in January due to negative seasonality (215,000) and unemployment increased (70,700). Excluding this factor, it is estimated that the number of affiliated workers increased by 47,000 and the number of unemployed…
The increase in Social Security affiliation and decline in unemployment moderated in December. Excluding seasonality, the registered workers increased by 11,000, unemployment fell by 23,300 and temporary employment rose (53.7%). Besides, job creation accelerated to 0.3% q/q SWDA in 4Q22 and unemployment fell again (-2.6%).
Social Security gross affiliation stagnated and registered unemployment fell by 33.500. Excluding seasonality (CVEC), employment continued to increase (30.000) and temporality in hiring maintained its rate of decline (to 53,7%). Unemployment fell (-35.000 CVEC), but employed job seekers increased.
