IBOV 169,029.02 ▼ 1.16% IPC MEX 69,182.39 ▼ 0.76% MERVAL 2,848,945 — — USD/BRL5.39▲ 0.75% USD/MXN18.83▲ 1.05% USD/CLP990.20▲ 0.24% USD/COP3,165▲ 0.50% USD/PEN3.46▲ 0.28% USD/ARS1,538▼ 0.24% USD/UYU40.10▲ 3.30% USD/PYG5,838▲ 3.76% USD/BOB12.05▲ 4.53% USD/DOP60.36▲ 0.43% USD/CRC451.45▲ 2.55% USD/GTQ7.64▲ 3.31% USD/HNL26.87▲ 0.27% USD/NIO36.62▼ 0.02% USD/VES886.67▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.42% USD/TTD6.70▲ 2.01% EUR/BRL6.02▲ 1.09% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 169,029.02 ▼ 1.16% IPC MEX 69,182.39 ▼ 0.76% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Thursday, October 29, 2026

Argentina Politics - Brazil

Peronist labor unions in Argentina call for more jobs in massive mobilization

By · October 18, 2021 · 3 min read

RIO DE JANEIRO, BRAZIL – The General Confederation of Labor (CGT), Argentina’s largest labor union, held on Monday (18) a massive mobilization in Buenos Aires to advocate the unity of Peronism and to ask for more employment and production to overcome the economic crisis that the country is undergoing.

The march, called to commemorate the traditional “Peronist Loyalty Day”, closed with the reading of a document, in which the unions that make up the CGT, of Peronist roots, vindicated the “banners of development, production and work” of the Justicialist movement founded by the three-time Argentine president Juan Domingo Perón (1895-1974).

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The central labor union affirmed that its responsibility of “majority representation” of the workers summons the unions to the “defense of the national productive apparatus”, “the demand for economic policies that promote the generation of genuine employment” and “a fair redistribution of wealth”, and the “reconstruction” of a State “present” and “regulator of the economy”.

“That is why we march as the expression of the unity of the workers, as a symbol of unity of the organized labor movement and with the vocation of sustaining the unity of Peronism,” said the central workers’ union
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The CGT called for “deepening the social dialogue” to achieve the consensus that will allow “putting productive employment at the center of public policies to overcome the situation that today marginalizes the most unprotected sectors, deepens social inequalities and conditions the uniform and equitable growth of our country.”

“Argentina and our government face a decisive instance to overcome the economic and social crisis inherited and dramatically aggravated by the effects of the pandemic,” said the CGT in its proclamation.

SIGNALS IN THE FACE OF THE CRISIS

Severely affected by the Covid-19 pandemic, Argentina’s economy plummeted 9.9% in 2020, and this year, despite the recovery of activity, severe social problems persist, with a poverty rate of 40.6% in the first semester.

Meanwhile, the unemployment rate fell in the second quarter of the year to 9.6%, its lowest level since the end of 2019, but with high rates of informality and little job creation in the formal sector.

In addition, the high inflation rate – 52.5% year-on-year in September – undermines the purchasing power of wage earners.

This complex economic scenario has unleashed controversies within the government of Peronist Alberto Fernández, which was involved in an internal crisis after the ruling party’s defeat in the legislative primary elections last September and led to changes in the ministerial cabinet.

In this context, the CGT, whose leaders integrate a wing of Peronism different from Kirchnerism’s, maintained this Monday that “the depth of the current crisis requires obvious signals”.

“That is why we march as the expression of the workers’ unity, as a symbol of unity of the organized labor movement and with the vocation of sustaining the unity of Peronism,” said the central workers’ union.

THE OTHER ACT

The sectors of Kirchnerism that respond directly to Vice-President Cristina Fernandez chose to call for another activity for the “day of loyalty”, different from the one organized by the CGT.

In the capital, that event was held this Sunday, coinciding with a new anniversary of the massive workers’ mobilization that, on October 17, 1945, took over Buenos Aires to demand the release of Juan Domingo Perón. He would later be elected president of the country three times.

Neither Alberto Fernández nor Cristina Fernández attended any of the commemorations, which took place less than a month before the legislative elections called for November 14.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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