Labour market indicators

Unemployment rate in 2001: 15.3% (ILO data)

Working population:

Employment by sector:

Employment contracts
Employment contracts are regulated by Law. Collective agreements and individual negotiations complement it.
The terms of employment contracts are flexible.

Salaries

National monthly minimum wage as of 01/01/02: 1,092 pesos (US$ 80)

Average wage for a employee in the manufacturing industry in 1996: 6057 pesos by  month (ILO data)

Social security contributions

Employer: 18.5 %.

Employee: 24 %.

Number of hours

Legal definition of full time work (per week): The standard workweek is 48 hours in industry and 44 hours in commerce

Retirement age: 60

Unions

Average rate of union membership:12 %.

Unions: The Unitarian Federation ( PIT-CNT ) is the organization that co-ordinates trade union representatives. It puts pressure on the government.

Useful links

For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws