Argentina Unemployment Falls To Three-Year Low

Argentina’s rate of unemployment fell to 10.4% in the second quarter of the year, its lowest level for this period in three years. The rate, according to the national institute of statistics (INDEC) compares with 12.1% as at the end of the second quarter last year, and is down from 11.4% in the first quarter of this year. The government’s stated goal is to drive down unemployment rates to below 10% – levels not seen since 1994 – by the end of the year.