Argentina: Unemployment Continues to Rise Under Macri

Photo: Ricardo Mazalan / Associated Press

BUENOS AIRES, Argentina - Amid an economy heavily slowed by a drop in industrial production, rising inflation and a rise in poverty, Argentina has now seen another increase in joblessness as President Mauricio Macri's economic plans continue to sputter.

Macri has endured a difficult 18-month opening period to his administration; his repeated calls to the citizens to wait in restraint for his economic policies to bear fruit have earned him some time but amid deep public cuts, rising inflation and a shrinking economic output, patience is starting to wear thin, especially now that statistics demonstrate a continuing rise in unemployment.

Despite the positive economic image painted by Macri, the latest numbers published by the Institute of Statistics and Censuses (INDEC) indicate otherwise as important legislative elections are set...