In Greater Córdoba, private employment is at the lowest level since 2014

The Survey of Labor Indicators (EIL) prepared monthly by the Ministry of Labor of the Nation showed a new drop in private employment registered in Greater Córdoba.

In May, the index was 4.1 percent below the same month last year, which means the 24th consecutive month of negative year-on-year variation, according to official statistics.

It is the same decline rate that April had shown and means an indicator of 139.5 points, the lowest since December 2014, when it was 139.2 points.

A positive fact in this context is the look forward shown by the Cordoba companies consulted: after the strong adjustment in human resources that occurred in recent months, the proportion of companies that plan to reduce their staffing fell from 11.3 percent in April – highest value since June 2002 – at 8.1 percent.

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In parallel, the Institute of Statistics and Registration of the Construction Industry (Ieric) published its updated monthly report with data by province as of April.

The report, prepared based on data from the Obra Social de la Construcción del Construcción (Ospecon) and the Compulsory Life Insurance, shows that April closed with 18,098 formally registered workers in Córdoba, the lowest number in at least 13 years.

The Ieric statistical series begins in June 2007 and since then there have never been less than 20,000 construction workers in the province.

The number of workers registered in April is, in addition, 40.5 percent below the same month of 2019: it is the largest decline recorded since the Institute began its surveys.

A year ago, there were just over 30,000 workers in the sector; In other words, 12,000 jobs were lost in one year.

Compared to April 2018, employment was cut in half: Two years ago, there were 36,056 workers.

It should be remembered that, in that month, the strictest stage of quarantine still prevailed, which prevented the execution of construction works in Córdoba.