The Argentine Government recognizes that the increase in unemployment is “bad news”

The Argentine Government recognizes that the increase in unemployment is “bad news”
The Argentine Government recognizes that the increase in unemployment is “bad news”

Buenos Aires, June 26 (EFECOM).- The Argentine Government recognized this Wednesday that the latest unemployment figure recorded in the country, which rose to 7.7% in the first quarter of 2024, is “bad news”, but He assured that he is “doing everything possible” to improve employment data.

“Among the many tragedies that exist in Argentina, one is that private employment has not been created for more than a decade and, furthermore, salaries are miserable,” acknowledged the presidential spokesman, Manuel Adorni, at a press conference at the Casa Rosada (headquarters of the Executive).

But the problem of unemployment in Argentina, Adorni clarified, “is not just a question of numbers,” but also has to do with the problems of “informality” and the “miserable wages” that exist in the country.

”The Government is doing everything possible to ensure that unemployment does not rise, salaries improve and informality does not increase,” he emphasized.

The presidential spokesperson charged against the opponents of the government of the ultra-liberal Javier Milei: “Politics has promoted two general strikes (since Milei’s presidential inauguration, on December 10),” Adorni reproached.

Regarding the increases in the price of the US dollar in the informal market – the one known as the ‘blue dollar’ -, which in a fortnight has gone from 1,200 pesos to 1,365 pesos, the presidential spokesperson replied that “they are part of what happens in the market”.

”We understand well what we are doing in monetary matters (…) We take the real data, where the dollar has practically not moved,” said Adorni, contradicting the information provided by the majority of Argentine economic portals, which consider that the ‘ The blue dollar shattered its ceiling in the last week, standing at 1,365 Argentine pesos per unit.

“It is a discussion that makes no sense to have,” concluded the spokesperson, who took advantage of the weeks of increases in the informal dollar to attack the economic management of the Government of Peronist Alberto Fernández (2019-2023), Milei’s predecessor, during whose mandate the US currency in the informal market experienced almost unprecedented increases in the economic history of Argentina. EFECOM

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