The unemployment rate in Argentina was 7% in the first quarter of 2022, the same level as the previous quarter, while underemployment fell from 12.1% to 10%, the state statistics institute Indec reported this Thursday.

Unemployment remained unchanged and stopped its downward trend after reaching its lowest level in six years in the fourth quarter of 2021.

Unemployment had been 8.2% in the third quarter of last year, 9.6% in the second and 10.2% in the first. In the fourth quarter of 2020 it had reached 11%, with an underemployment of 15.1 percent.

The measurement includes the 31 urban agglomerations of the country, where the economically active population represents a total of 29.1 million people out of 47 million inhabitants.

Argentina has come out of the recession in which it fell in 2018, after closing the year 2021 with a growth of the Gross Domestic Product of 10.3% and an increase of 6% in the first quarter of 2022 compared to the same period of the previous year.



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