lunes, 19 de mayo de 2014

The unemployment rate declined at the end of the first quarter of 2014 to 7.1%,

The unemployment rate declined at the end of the first quarter of 2014 to 7.1%, i.e., eight tenths less than 7.9% which was located between January and March 2013, according to data provided by the National Institute of statistics and censuses (Indec).

Indicator of applicant sub-ocupacion - those who work less than 35 hours a week, but would like to work more - remained in the first quarter at 5.5%, while not demanding underemployment grew by one-tenth with respect to 2013.

The report said that compared to the last quarter of last year, when unemployment stood at 6.4% - lowest mark of the last 30 years - the unemployment rate marked in the first quarter of 2014 an advance of 7/10.

The city of resistance (Chaco) recorded the lowest rate of unemployment - less than 0.4% - followed by Santa Rosa (La Pampa) with 1.2%, San Luis 1.5% and Formosa, with 2.1 percent.

Catamarca is at the top of the table, with a rate of 9.4 per cent, followed by Córdoba with 9.1% and Mar del Plata, with 9 percent.

The city of Buenos Aires and the greater Buenos Aires, where a third of the population, is concentrated recorded rates of unemployment of 5.9% and 8.3% respectively.

"The ' wave of layoffs' in headlines in some newspapers only passes Argentina", said the Minister of Trabajo Carlos Tomada.

The official acknowledged that "the level of work in black or unregistered round 30%" and reiterated the efforts of the Government to reduce that situation.

"We do a thorough follow-up of each activity and the impact of economic activity on the job," remarked the Cabinet Chief, Jorge Capitanich, at the time that recognized stimuli to "sustain economic activity and maintain sustainability and increase employment prospects".

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