2.8 million unemployed in Argentina

The government led by new president Eduardo Duhalde has declared that the 500,000 unemployed shall receive unemployment benefit payments. The unemployment rate in Argentina has jumped to 18.3% of the active population, which implies that nearly three million people are out of work.

Added to this, official statistics indicate that 14 million people live below the poverty line in Argentina, a country with a population of 34,293,000. This is translated in 41% of the country’s population.