Argentina: 36,000 jobs lost, 7,000 firms closed in 4 months under new labor rule

Argentina's new labor regulation has coincided with the loss of 36,000 jobs and closure of nearly 7,000 businesses in four months, according to the Instituto Argentina Grande monitor. The regulation also failed to prevent wage declines. The data suggests the policy may be exacerbating labor market deterioration, though causality is not established.