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Brazil & Southern Cone - May 2014 (ISSN 1741-4431)
ARGENTINA: Unemployment down despite possible recession
Argentina’s unemployment rate in the first three months of 2014 was 7.1%, according to the national statistics institute (Indec). This marks a fall of 0.8% on the same period of 2013. The number of Argentines underemployed rose to just over 1.5m, with 956,000 wanting to work more hours, out of an economically active 18m. The employment figures emerged amid a debate over whether the economy has entered recession as a whole, with industrial figures for the first quarter confirming at least partial stagnation.
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