The labor market continues to show negative data, and at this point, the big question is whether the reform pushed by the Government will manage to reverse the trend. Declines continued in November, according to the Survey of Labor Indicators (EIL). According to official data, in October the reduction in registered employment deepened. The largest part of the employment decline is due to 4 sectors: Industry, Commerce, Business Services, and Construction. Industry is the sector most affected by the unemployment blow, and the worst part is that the pace of losses is accelerating. The overall statistic shows the loss of 33,100 positions in that month. What stands out is that the decline occurred in all categories, including monotributo (simplified tax regime), which had so far been spared. It also fell among salaried workers, both public and private, and in private households. The only sector that showed a slight improvement was that of the self-employed. The number of contributing workers decreased from 12,836,496 in September to 12,803,362 in October. Between June and October 2025, private salaried employment lost 71,000 jobs. In October, the decline in private salaried employment occurred in 10 of the 14 sectors into which the official statistic is broken down in the monthly comparison. In the last year, 91,100 workers were lost: the private salaried sector lost 58,000 jobs, the public sector 18,400, and work in Private Homes 14,700. Meanwhile, the number of monotributo contributors increased by 2.5% (52,200 more people) while contributors to the self-employed regime decreased by 5% (19,900 fewer people). What happened in Milei's government In the first two years of Javier Milei's government, registered private employment decreased from 6,385,800 to 6,191,600 jobs. That is, 194,200 salaried workers were lost. Public employment fell from 3,484,300 to 3,412,400. Thus, 71,900 fewer were lost. In the case of private homes, it was reduced from 464,500 to 435,400: 29,100 fewer. Meanwhile, monotributistas went from 2,037,800 to 2,150,000, that is, 112,200 more, while the self-employed went down from 385,800 to 380,800, 5,000 less.
