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Milei's "Miracle" Faces First Cracks As Argentina's Unemployment Rises

Milei's "Miracle" Faces First Cracks As Argentina's Unemployment Rises Argentina’s much-touted turnaround under Javier Milei may be losing momentum, with fresh labor data pointing to a weakening jobs market, according to Bloomberg. By the end of last year, unemployment had climbed to 7.5%—the highest rate for a fourth quarter since the Covid era—reflecting a deterioration in employment conditions before the government pushed through its landmark labor overhaul. New figures show that joblessness in the formal sector increased for the first time in three quarters, while the share of workers in informal roles...
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Aug 5, 2026 / Tyler Durden
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Aug 31, 2026 / Tyler Durden
Key Events This Week: Jobs, JOLTS, Beige Book And ISM

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