Argentina’s unemployment rate rises to 9.7%

Argentina’s unemployment rate rose to 9.7% in the third quarter versus 9.0% in the same period last year, marking one of the highest rates recorded in recent years, the National Institute of Statistic and Census (Indec) said. The third quarter result was slightly improved from the second quarter rate of 10.6%. Last week, Indec said that Argentina’s economy shrank 1.7% in the third quarter versus the same period the previous year.

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Source: MercoPress