Labour Informality Beats a New Record in Argentina and Rises to 45%
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GDP contracted, unemployment increased and labour informality skyrocketed to a record 45% in April-June in Argentina. The scenario of acceleration of inflation coexists with a drop in consumption and investment. Milei responded with another attack on the press that released the data.
The INDEC confirmed that unemployment rose and reached its highest level since 2021, while informality reached 45% and more people went out to look for work. Data from the second quarter of 2026 show a labour market with more pressure, worse conditions and strong regional differences.
A report by the National Institute of Statistics and Censuses (Indec) noted that self-employment grew by 300,000 in the last year, to 4 million, while informal recruits remained at 3.6 million, while formal recruits declined.
Argentina is not going through a situation of "structural unemployment" but "a step towards informality" or to the work registered "in more flexible conditions", with the modality of monotributism rather than the relationship of dependence.This is what the president of the Institute for Business Development of Argentina (IDEA), Santiago Mignone, said today, who stressed the importance of "doing and sustaining the effort" to undertake long-term p…
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