The Director of Advice, Federico Muttoni, he was interviewed by Chronicles Regarding the current situation in the Uruguayan market: labor demand has been declining for four consecutive months. All indications suggest that the first half of the year will close with a year-over-year decline of 6.5%, according to the latest Labor Monitor Monthly Advice.
During the interview, Muttoni explained that the decline in labor demand does not reflect a uniform reality: “When you look at the labor market directly from six or seven different vantage points at once, you can no longer speak of ‘the’ labor market. What you see is a set of realities that share the same country and the same currency, but that operate according to different logics.”.
While opportunities for operational and lower-skilled roles are declining, positions related to technology, data analysis, artificial intelligence, and digital transformation continue to see steady demand.
In that regard, she noted that the current challenge is no longer simply about creating more jobs, but rather about the quality of opportunities and the skills required by the market. According to Muttoni, companies are increasingly seeking candidates capable of adapting to changing environments and incorporating new technological tools. Digital skills, analytical thinking, and the ability to engage in continuous learning are emerging as key differentiators in the hiring process.
This trend also widens the gap between those with specialized training and those who perform more routine tasks, for which demand has been declining.
Artificial intelligence: transformation, not replacement
The impact of artificial intelligence on employment was also addressed. Muttoni argued that while technology is changing the way we work, its main effect today is the transformation of jobs and the skills required, rather than the massive elimination of employment. In this context, he highlighted the importance of continuous training and professional retraining to accompany the evolution of the labor market.
Finally, the director of Advice noted that understanding the labor market requires looking beyond the number of job openings posted. Analyzing which profiles are in highest demand, which sectors remain dynamic, and which skills are most highly valued allows for a more accurate interpretation of employment trends in Uruguay.
The Advice Labor Market Monitor continues to survey these indicators monthly to provide information that contributes to the decision-making of companies, professionals, and organizations.
