BUENOS AIRES, Aug 18 (Reuters) - Argentine government data on Tuesday showed the unemployment rate in Latin America’s third largest economy dropped to 6.6 percent in the second quarter from 7.5 percent in the same period a year earlier.
A fall in unemployment could help bolster support for the ruling party’s candidate ahead of presidential elections in October. The jobless rate for the April to June period was also an improvement on the 7.1 percent in the first quarter.
Argentine unemployment data shows the number of people looking for a job who cannot find one.
The rate of employment compared with the total population paints a bleaker picture and suggests many more receive welfare payments and do not active seek work.
The employment rate was 41.5 percent in the second quarter, the government data showed, edging up from 41.4 percent in the same period of last year. (Reporting by Buenos Aires bureau; Writing by Sarah Marsh; Editing by Richard Lough and Grant McCool)