November 21, 2011 / 7:52 PM / 7 years ago

UPDATE 1-Argentina unemployment falls to 7.2 pct in 3rd qtr

* Unemployment running at lowest levels in two decades
    * Jobs revival key to president's recent reelection

    BUENOS AIRES, Nov 21 (Reuters) - Argentine unemployment dipped to 7.2 percent in the third quarter from 7.5
percent in the same period a year earlier, the state statistics
agency said on Monday.
    The official jobless rate matched the figure announced in
October by President Cristina Fernandez, a center-leftist who
won easy reelection for a second four-year term last month.
    Argentine unemployment is at its lowest in two decades
thanks to years of strong economic growth but political
analysts say keeping people in jobs will be a leading challenge
for Fernandez as the global economic outlook worsens.Argentina, Latin America's No. 3 economy, is growing at one
of the region's fastest rates fueled by government-stimulated
consumer demand, grains exports and industrial output.
    Unemployment was 7.3 percent in the second quarter of
2011.
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