Argentina formal employment falls for 14th month; Milei admin sees 12,716 fewer wage earners in July

Argentina's formal private sector employment declined by 12,716 registered wage earners in July, extending a 14-month contraction to a total of nearly 266,000 under the Milei administration. The government attributes the decline to companies freezing replacements and limiting new hires, reflecting ongoing labor market weakness amid austerity. This continues an established trend, with no sign of reversal, and underscores the economic cost of the administration's stabilization policies.