Friday, July 29, 2016 Job losses in formal economy speed upA protester carries a statue of "San Cayetano," the patron saint of labour and bread, earlier this week in Buenos Aires. In total, the private sector has shed more than 100,000 posts since President Mauricio Macri’s administration took office back in December. Though only representing a part of the overall economy, the new data is based on the latest Private Salaried Jobs report by ANSES. According to private analysts, the job market has showed signs of trouble since 2012, with little creation in the private sector. So far this year, the sector has averaged 368,863 registered jobs per month, IERIC said, two percent below its 2009-low.

Source: Bueno Aires Herald July 29, 2016 03:11 UTC