“In the last few months, 35,000 jobs have been created and 120,000 have been lost. Among 18-to-24-year-olds, the unemployment rate is a huge 24 percent. According to the UN’s 2015 Work for Human Development report published in August, Argentina holds the highest youth unemployment rate in Latin America. That study, which encompassed youths from ages 15 to 24, put the unemployment rate at 19.4 percent. Triaca said the bill would create 240,000 jobs a year (120,000 in the North of the country, 120,000 in the rest of the country) by encouraging companies to hire young workers, in exchange for paying fewer benefits.

Source: The Bubble September 07, 2016 20:48 UTC