Argentina Q1 2025 unemployment rate at 7.9% - Stats Agency

Argentina Q1 2025 unemployment rate at 7.9% - Stats Agency

Argentina's unemployment rate unexpectedly climbed to 7.9% in the first quarter of 2025, according to the country's official statistics agency. This figure, released on Thursday, was a significant increase from the 7.7% recorded in the same period a year earlier [1].

The unemployment rate far exceeded the estimates from economists polled by Reuters, who had predicted a slowdown to 6.3%. It also surpassed the 6.4% rate seen in the fourth quarter of 2024. The unexpected jump has raised concerns about the country's economic stability and recovery.

The Argentine economy has been undergoing significant reforms under President Javier Milei's administration. While these reforms have led to a reduction in monthly inflation to 1.5% in May, the lowest level in five years, they have also resulted in a slowdown in economic growth and a decline in foreign reserves [2].

The government has implemented various measures to stabilize the economy, including floating the peso, ending capital controls, and deregulation. These efforts have been aimed at curbing inflation and restoring confidence in the economy. However, the recent unemployment figures suggest that these measures may not be enough to address the broader economic challenges faced by Argentina.

Investors and financial professionals will be closely monitoring the situation in Argentina, as the country prepares for midterm elections in October and an IMF review. The economic reforms of the Milei administration have been hailed as the most significant in decades, but the recent unemployment data indicates that the road to recovery may be more challenging than initially thought.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3SM0IS:0-argentina-s-unemployment-rate-unexpectedly-jumps-to-7-9-in-first-quarter/
[2] https://www.cryptopolitan.com/argentina-inflation-falls-2-first-time-2019/