Industry Lost 415,000 Jobs in Three Years, While Gastronomy Totaled 495,000
4 Articles
4 Articles
The manufacturing sector reduced its share in the total occupation from 12.2% to 9.8%, according to Indec data between 2023 and 2026, while hotels and restaurants almost doubled their workforce and increased their relative weight to 5.8%
Between the second quarter of 2023 and the same period of 2026, the manufacturing industry lost 415,000 jobs (-16.7%) and the public sector another 330,000, while hotels and restaurants totaled 495,000 jobs. During the same period, employees with a retirement discount fell 280,000 and self-employed workers grew 562,000, representing 24% of those employed.
The fall in manufacturing contrasts with the rise in hotels and restaurants, which added 495,000 jobs. Private employment and self-employment also grew.
Total employment grew 4% since 2023, but informal and self-employment increased while industrial and formal employment fell.
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