Employment on the rise?
The data of the SIPA (Sistema Integrado Previsional Argentino) pension system, which takes into consideration the employer contributions of registered company employees, show the number of registered jobs last November to reach 13.018 million. This implies that 47,825 people joined the job market, which meant a monthly improvement of 0.4 percent or 5.1 percent when measured year-on-year, i.e. 630,759 more jobs than the previous November.
The increase is partly due to the increase in the number of independent workers (as opposed to wage-earners), especially those persons registered as paying the taxation for the self-employed (monotributo). These grew a monthly 1.6 percent last November or 7.7 percent year-on-year (135,900 more people) while those in the social categories of the taxation of the self-employed rose 39.7 percent year-on-year, implying 156,600 more people. There were almost 5,000 more self-employed professionals (autónomos) registered by the SIPA during the last year. Thus 297,500 of the 630,800 people registered in the last year of the social security system were not wage-earners (48 percent), thus implying the creation of over 330,000 jobs paying salaries.
SOURCE: batimes.com.ar