4
Talent Solutions – Latin America QMR Q2 2022
Work Force Statistics
28% Trade Union Membership in 2014
Recent Industrial activity
▪ Transport industry including truck drivers
▪ Oil industry
▪ State workers in Rio Negro have also been on
strike for better pay.
▪ Television workers
▪ Health workers
Age & Gender Profile - Employed Population Q4 2021
Sources:
https://www.indec.gob.ar/
https://wageindicator.org/
https://ilostat.ilo.org/data/
https://data.worldbank.org/
https://tradingeconomics.com/
▪ Year on Year inflation as of May was 60.7%
▪ Wage Inflation in the Private Sector was 58.4%
Year on Year to April.
Inflation and Wage Growth
Q2 2022
Total Labor Force (000s)
20,941
Employed Workers (000s) 19,475
Unemployed Workers (000s) 1,466
Unemployment Rate 7.0%
Argentina
Change in Employed Population Compared to Q4 2019
Q4 2021
Change in Labor Force compared to Q4 2019
Employment levels in Q4 2021, were 3% higher
than Q4 2019 (pre-pandemic).
▪ Employment of 65 years+ has fallen by 19.7%
and 55-64 years has fallen by 2.6%
▪ The biggest growth was in the 45-54 year age
group which has increased by 10.5% and the 35-
44 year age group which has increased by 6.5%.
Industrial Action
Indicative Wages (in USD)
Other Cost Considerations
Monthly Hourly
General Minimum Wage with benefits
