Argentina private employment ticks up in February

[BUENOS AIRES] Private employment in Argentina rose 0.5 per cent in annual terms in February, spurred by job creation in the goods and services sector, the government said on Monday.

In a press conference, Labor Minister Jorge Triaca said that 6.24 million persons were employed in the private sector in February versus 6.21 million the same month a year earlier.

The construction and the exportable-goods manufacturing sectors, the latter of which is heavily dependent on Brazilian demand, performed worst in the month.

Argentina's economy should start adding jobs in August, as the country's return to global credit markets after a record 2002 default promises to boost foreign investment and public works, Mr Triaca told Reuters on April 19.

REUTERS