Four in ten Argentines seek second job to make ends meet

A report from consultancy firm Delfos shows that 43% of surveyed Argentines are seeking a second job because their current income does not cover basic expenses. The phenomenon mainly affects those aged 16 to 49 and also retirees. The national survey, conducted from April 10 to 14, 2026, on 3,120 cases, underscores economic vulnerability in the country.

The Delfos report states that four in ten Argentines are seeking a second job to cover basic needs, with 43% of respondents saying their current income is insufficient. Only 20% do not need additional work, while the rest are out of the labor market or focused on other activities.

Retirees, pensioners, and those withdrawn represent 14% of those seeking extra income, ranking third behind independent trades (28%) and private employees (15%). Other groups include teachers (8%), provincial public employees (7%), and professionals (6%). 77% of those affected are aged 16 to 49.

Geographically, Greater Buenos Aires accounts for 20% of cases, followed by NEA (19%) and NOA (17%). Buenos Aires province contributes 14%, Córdoba 9%, and CABA 6%.

"The problem is not only access to employment, but its capacity to cover basic needs, consolidating a complex scenario to escape economic vulnerability," the Delfos analysis concludes.

In February 2026, average salaries rose 2.4% monthly, below February's 2.9% inflation, per INDEC. They have accumulated 5% yearly against 5.9% inflation.

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Illustration depicting Argentina's February economic decline with falling graphs, closed factories, and empty shops in Buenos Aires.
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Economic activity fell 2.6% in February, according to INDEC

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Argentina's monthly economic activity estimator (EMAE) recorded a 2.1% year-over-year drop and a 2.6% seasonally adjusted decline in February 2026, INDEC reported. Manufacturing industry contracted 8.7% and commerce 7.0% year-over-year.

Argentina's Central Bank released its latest Market Expectations Survey, drawing from 45 analysts' projections, estimating 2.4% inflation for January 2026 and a dollar rate of $1,475 in February.

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DANE reported a 10.9% unemployment rate for January 2026, the lowest in recent history for a first month of the year, despite a 23% minimum wage increase. Informality dropped to 55%, and the employed population grew by 324,000 people. Yet, these official figures are sparking political polarization.

Eugenio Semino, advocate for the elderly, criticized on Canal E the labor reform's impact on Argentina's pension funding. He warned that measures like the Labor Assistance Fund could worsen retirees' crisis in a system weakened by informal employment. He emphasized the urgent need to inject funds for basic needs.

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The latest Relevamiento de Expectativas de Mercado (REM) from the Banco Central has raised inflation expectations for March and the rest of 2026. Consultancies forecast 3.0% for March, with an annual projection of 29.1%. They also updated estimates for the dollar, GDP, and unemployment.

DANE director Piedad Urdinola clarified discrepancies between her agency's employment figures and those from Ugpp, citing different sources and methodologies. This follows criticism from Andi, which claims half a million formal jobs lost since 2023. DANE measures the labor market through direct surveys, while Andi relies on social security contributors.

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The Argentine government announced a fiscal surplus in February, marking two consecutive months of positive balance. Economy Minister Luis Caputo released the public sector data and highlighted spending reductions.

 

 

 

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