Not even the oil boom can stop private sector job loss
Private sector registered employment fell again to close the first half of 2026. According to labor ministry data, monthly registered employment in the private sector dropped 0.1% in June (about 6,261 fewer jobs compared to May).
The year-over-year comparison of formal private-sector employment shows a 1.9% decline compared to June 2025 (121,000 fewer jobs).
According to estimates by consulting firm Politikón based on official data, the seasonally adjusted employment series stood 3.9% below the November 2023 level.
This equates to a cumulative loss of some 246,312 jobs in the formal private sector during the Milei era —........
