the sectors and groups hardest hit by the fall in employment

the sectors and groups hardest hit by the fall in employment

Public works underway on Route 8

Public works underway on Route 8

Of the 3.6 million jobs that were lost due to the pandemic during the second quarter, the fall was proportionally more intense in Construction, Hotels and Restaurants and Domestic Service, activities with higher rates of informality and job insecurity.

By age, the steepest decline hit the males under 29 years old, then also to men over 30 years of age and then to women over 30 years of age.

For its part, the average unemployment rate of 13.1% average It increased among all ages and by sex, but the increase in women under 29 years of age stood out, rising from 23.9% to 28.5%, according to INDEC data released on Wednesday. Among men under 29 years of age it went from 18.5% to 22.7%.

The total number of unemployed reached just over 2.1 million people nationwide, a figure lower than the number of jobs lost because INDEC does not consider unemployed those who lost their job but rather those who do not have one and are actively looking for one. In this group, both those who had a previous occupation and lost it during the second quarter and those who had been searching for a job for less than 3 months.

The unemployment rate rose only from 10.4 to 13.1% because, according to the Official Report, “the increase in the number of people who were unable to work but sought to do so actively was equally bounded by virtue of current restrictions on certain activities and circulation ”due to the health emergency and quarantine.

nullThe INDEC Report highlights that the impact of the drop in employment “was not homogeneous among the different occupational categories. In particular, it was more significant in wage earners without a retirement discount, in own-account workers and in workers in private establishments ”.

Thus it arises that of the 3.6 million jobs lost, due to precariousness and labor informality, some 2 million are informal wage earners and another 1.1 million are self-employed, mostly also informal.

Another data is that the number of employed persons who looked for another job dissatisfied with the one they have fell from 3.5 million to 1.8 million.

According to the Ecolatina consultancy, “to the precariousness of employment observed during the recession of 2018-19 is added the strong destruction of employment, mainly precarious, as a result of the quarantine and the pandemic. This negative shock on labor income affected lower income households to a greater extent, which explains the sharp deterioration of poverty and indigence that the INDEC will announce in a week. Unfortunately, we expect a slow recovery in lost jobs in the second quarter of 2020, which will complicate the rollback of the strong deterioration of the socio-economic indicators ”.

Meanwhile, the consulting firm LCG points out that “the workers who lost their jobs during the months of confinement left the labor market during the second quarter.” Thus, the “discouragement factor” added to the physical impossibility of going out to seek employment and the income complement that the IFE (Emergency Family Income) could mean for some of these workers, may explain this dynamic that is reflected in the strong reduction – of almost 4 million people – in the workforce.



Please enter your comment!
Please enter your name here