Argentina: Industry sheds 415k jobs, gastronomy adds 500k as labor shifts informal

Argentina's total employment grew 4% since 2023, but the composition shifted sharply: industrial and formal jobs fell by 415,000 while gastronomy added nearly half a million, with informal and self-employed work rising. This signals structural labor-market deterioration and a move toward lower-productivity sectors, which could weigh on long-term growth and tax revenues. The data is from BAE Negocios, a local business outlet, and reflects a trend rather than a single event.