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Labour Crisis: Registered Private Employment Lost More than 9,000 Jobs in May and 135 Thousand in One Year
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According to data from the National Secretariat of Labor, Employment and Social Security, in May 2026, registered employment in the private sector showed a seasonally adjusted decline of 0.1% month-on-month, equivalent to a loss of approximately 9,059 jobs compared to April. Thus, the seasonally adjusted employment series is 3.8% below the level of November 2023, which equates to a cumulative loss of approximately 241,176 jobs in the formal priv…
Formal private wage work fell again in May and registered 9,059 fewer jobs. In year-on-year terms, the loss exceeded 135,000 jobs. Industry, trade and transport appear among the sectors most affected, while real wages also receded.
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