Automotive: 86 thousand new jobs

Industrial production continues to rise and is confirmed as one of the main drivers of the level of activity and the generation of private formal employment in Argentina.

The automotive industry began 2023 with positive data and recorded a 45.8% increase in January compared to the same month last year.

Meanwhile, industrial employment reaches the highest level since June 2018, accumulating thirty consecutive months of expansion, registering more than 86 thousand new jobs, in relation to December 2019.

“There are two models of the country: the financial speculation of the previous government, which led thousands of families to lose their industrial jobs; and ours, which has its axis in production and work. Sergio Massa’s economic team is complying with the commitment to order the macroeconomic variables, sustaining the level of activity and employment,” said the Secretary of Industry and Productive Development, José Ignacio de Mendiguren.

According to data from the Argentine Integrated Pension System (SIPA), formal industrial employment in private sector companies rose to more than 1,170 positions in November 2022, thus chaining 16 months of continuous monthly increases within the framework of thirty months of expansion. sustained.

In this context, Argentina registers the highest level of employment since June 2018. In November, the increase in the number of jobs was 0.3% compared to October of the same year, in the measurement without seasonality, while which in interannual terms increased 4.3%, which represents 47.8 thousand workers and more workers.

Compared to December 2019, the increase increased by 8%, that is, more than 86 thousand new formal jobs.

One of the sectors that registers the highest level of industrial activity is the automotive sector, which began the year with rising numbers, in relation to the beginning of 2022, according to relevant data from the Association of Automotive Manufacturers (Adefa). At the national vehicle production level, the sector reached a 45.8% rise in January 2023 compared to the same month last year.