Argentina Unemployment Rate Drops

November 25th, 2008 Posted in business, culture, politics

Written by Jamie

According to Reuters, the 3rd quarter unemployment rate in Argentina dropped to 7.8%. The article goes on to say that the current government’s top economic priority is to keep people employed.

Anyone who has spent anytime in Argentina has witnessed job creation at it’s finest. A simple transaction like buying a screw at a hardware store can involve 3 or more employees.

Perhaps Obama should take a closer look at the Argentine model?

  1. 11 Responses to “Argentina Unemployment Rate Drops”

  2. By ArgentinaCesso on May 6, 2009

    Official product inflation in Argentina is 10% but real product inflation is 22%.

    The Argentinian goververnment does not only fake inflation values but also unemployment rate values.

    When they say 7% of unemployment it means that the real value is about 12%.

    Since the global economy right now cannot help any first nor third world country, and also argentinian presidents keep heavy-taxing exports, companies are really having a hard time employing people and selling products outside the country which is one of the main reasons that arentinian unemployment is always high and growing.

    The last but not least reason that unemployment will keep rising in Argentina is because presidents of Argentina are rising minimal wages to a point that a company cannot hire more than a half of people that the company really needs because they don’t have all that money to waste in unskilled labor force such as the argentinian one.
    So instead of hiring 2000 employees they hire 500 and make them work like they were 2000 so you have 1500 more unemployed people with no earnings at all and 500 people that are always super busy and get a first world country wage…but i bet that those 500 don’t share their salary with the other 1500 unemployed people…

    Go on Argentina…go on like that… and you will become empty very soon !

  3. By Autumn Washington on May 5, 2010

    the unemployment rate today is a bit higher because of the recession but hopefully the economy would recover soon..*”

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