The study — conducted among 879 companies — reported that 69 percent of the companies surveyed tried to hire qualified personnel. According to a study conducted by the Argentine Integrated Provisional System (SIPA) — a government body that works under the Ministry of Labor — 52,516 jobs were eliminated from the private sector between December 2015 and May of this year. Another study conducted by Adecco consulting informed that, out of the 466 companies surveyed, 70 percent had the same type of trouble. It’s important to clarify the report didn’t cover informal, unregistered work (trabajo en negro), which is thought to represent a third of Argentina’s economy. The study reported that May marked the seventh consecutive month in which formal private employment decreased and, if we are to compare the situation with May of last year, there are 64,694 less jobs.

Source: The Bubble July 29, 2016 13:52 UTC