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Talent Solutions – Latin America QMR Q2 2022
Work Force Statistics
30% Trade Union Membership in 2013
• Recent demonstrations demanding better quality of
work, increased wages and social security and
reversing the recent increase in retirement age.
• Workers in the metallurgy and education sectors
have also recently participated in industrial action.
Age & Gender Profile - Employed Population Q2 2021
▪ Y Y J ' w
▪ Wage Inflation (Year on Year) as at Q2 2021 was
13.8% Based on Ilostat Average Wage figures.
Inflation and Wage Growth
Q2 2022
Total Labor Force (000s)
1,714
Employed Workers (000s) 1,582
Unemployed Workers (000s) 132
Unemployment Rate 7.7%
Uruguay
Q2 2021
Change in Labor Force compared to Q4 2019
Employment in Uruguay is 3.2% lower in Q2 2021
when compared to Q4 2019.
▪ Youth (15-24 years), were impacted the most
with employment decreasing by 25%.
▪ Employment in the 65 years+ age group fell by
17%.
Industrial Action
Indicative Wages (in USD)
Other Cost Considerations
Change in Employed Population Compared to Q4 2019
Monthly Hourly
Sources:
https://wageindicator.org/
https://ilostat.ilo.org/data/
https://data.worldbank.org/
https://tradingeconomics.com/
https://www.wsws.org/en/articles/2022/07/12/sqyv-j12.html
