MercoPress. South Atlantic News Agency
Almost two million Argentines out of a job in the second quarter of 2018
Almost two million Argentines are without a job, more precisely 1,999,387 according to the latest unemployment report from the county's stats office, Indec. In effect unemployment rose in the second quarter to 9.6%, from 8.7% a year ago, making it the highest figure in twelve years. Read full article
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Disclaimer & comment rules”(Argentine) unemployment rose...to 9.6%...making it the highest figure in twelve years.”
Sep 25th, 2018 - 01:10 am - Link - Report abuse -4There must be a mistake somewhere. We all know all the current bad numbers in Argentine economy are the fault of the last government - yes, that of CFK.
You say Macri has been in government for almost three years? Right! But you don't know how bad an inheritance did the CFK government leaved for poor Mauricio Macri to fight against.
You ask me how come today's numbers are much worse than those in December 2015 when Macri took office? Well, you know, we had the drought, then Trump...we just had no chance...and just when we were ready to take off, along came the notebooks...
Reekio,
Sep 25th, 2018 - 05:56 pm - Link - Report abuse +2“You ask me how come today's numbers are much worse than those in December 2015 when Macri took office?”
I don't ask you, but I can give you a good reason why there is a big difference - seasonal trends. If you check out https://tradingeconomics.com/argentina/unemployment-rate you will see that there is a pattern that the July figures (which is what the 9.6% figure is) have a strong tendency to be much worse than the January figures. So by comparing July 2018 with December 2015 you are comparing winter and summer figures which is NOT a valid comparison.
Also note the “the highest figure in twelve years”. Who was in power 12 years ago? Macri? No.
Here is some more Argentina July unemployment data for you for some historical perspective:
2003: 16.3%
2004: 14.8%
2005: 12.1%
2006: 10.4%
2007: 8.5%
2008: 8.0%
2009: 8.8%
Also, the “employment” of a large number of non-productive people will artificially and expensively reduce the unemployment rate.
9.6% isn't good, but I mentioned in a previous post (that you didn't respond to) that I know two people in Buenos Aires who were offered good jobs on the same day last week, which is statistically insignificant but maybe it is indicative that the September numbers will show an improvement? We shall see...
Zaphod:
Sep 26th, 2018 - 12:28 am - Link - Report abuse -2“We shall see...”
Oh come on!
You need to take off your thick pink glasses.
The Argentine economy is disintegrating and you say 'we shall see?'
What on earth you believe we 'shall' see?
So are you really that thick...or just a little troll doing its job?
Reekio,
Sep 26th, 2018 - 05:48 pm - Link - Report abuse +1I thought it was fairly obvious what I said we shall see. I do not have a crystal ball. I am simply saying that if the previous seasonal trends repeat this year then the unemployment rate will reduce from this July peak of 9.6%. I believe that we shall see the next quarter's unemployment rate when they are available and when that happens we shall see 1. if they are less than 9.6% (I expect that they will be, but maybe they won't be) and 2. how they compare to the same period last year (I have no idea).
I am not sufficiently thick to be able to predict uncertain events with the certainty that you do. Are you predicting that the unemployment figures for the next quarter will be greater than 9.6%? Or are you expecting them to improve too?
You didn't understand what I typed and responded with an ad hominem. You have no comment on the data but would prefer to stick with your unfair summer/winter comparison because it fits your opinion. Misrepresenting data and ad hominem attacks is not the way to argue for support for your opinions. Logically, you lose the argument by doing this.
And I reserve the right to wear thick pink glasses if I want to!
The worst in 12 years.
Sep 27th, 2018 - 10:21 pm - Link - Report abuse +1Who reported unemployment numbers in the years 2010-2015?
The same INDEC which reported inflation of less than 10 per cent in the same period, so nobody knows the real unemployment percentage in the years before Macri took over.
Do remember that, according to the previous presidenta Cristina Kirchner, powerty in Argentina in 2015 was less than powerty in eg. Germany or Scandinavia - very reliable figures to people like Reekie who fled Argentina ages ago.
@ ZB @DA
Sep 29th, 2018 - 03:41 am - Link - Report abuse -2Well, Zaphod: The very Mauricio Macri has now acknowledged that the times are difficult and is predicting they will get worse in the near future. So you are getting pretty lonely still debating the unemployed numbers, as those numbers get worse by the hour.
Meanwhile, DAlberto still relishes on that famous old quote about Germany.
You know what, DAlberto? The Argentines are beginning to tire about the old “K” thing and are starting to ask Macri to become finally accountable.
You better wake up, Don Alberto. Your favourite horse has revealed an old, tired and stubborn borrico. Macri is rapidly taking the country to abyss and you know it. When are you going to wake up and ask for accountability from those in charge?
Well, Reekio,
Oct 02nd, 2018 - 05:26 pm - Link - Report abuse 0“The very Mauricio Macri has now acknowledged that the times are difficult and is predicting they will get worse in the near future.”
He may be correct, but the key word here is “near”. What is the longer term, seasonally adjusted trend in the context of history? Not good, but not falling into an abyss yet.
“So you are getting pretty lonely still debating the unemployed numbers, as those numbers get worse by the hour.”
I am simply presenting some facts to counter your unfair summer/winter comparisons. Try debating on all of the facts rather than cherry-picking the bits that fit your agenda.
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