Unemployment rate in Argentina falls to 7.0% in the fourth quarter of 2021



A passerby passes in front of the facade of the Banco de la Nación Argentina in Buenos Aires


© Archyde.com/AGUSTIN MARCARIAN
A passerby passes in front of the facade of the Banco de la Nación Argentina in Buenos Aires

BUENOS AIRES, March 23 (Archyde.com) – Argentina’s unemployment rate fell to 7.0% in the fourth quarter of 2021, from 11% in the same period a year earlier and 8.2% in the previous quarter, reported on Wednesday the official statistics entity, Indec.

The data comes at a time when Latin America’s third-largest economy is suffering from high inflation as it leaves behind a prolonged recession aggravated by the COVID-19 pandemic.

(Reporting by Jorge Iorio; Writing by Nicolás Misculin)

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