LatinNews Daily - 24 September 2020

In brief: Argentine unemployment mounts in Q2

* Argentina’s national statistics institute (Indec) has published new figures which show that the unemployment rate for the second quarter of 2020 rose to 13.1%, up from the 10.4% registered in the first quarter. This marks the highest rate since Q3 2004, when the country was recovering from one of the worst economic, political, and social crises in its history. According to the Indec report, this increase owes as much to the rise in people unable to find work in the context of the coronavirus (Covid-19) pandemic as to a reduction in the economically active population. The figures also show that the rate of “employed but absent” workers spiked to 21.1%, up from 10.4% in Q1. On 31 March, the government led by President Alberto Fernández issued a decree forbidding employers to dismiss workers without just cause, which was extended on 27 July until 30 September.

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