Presenting a new edition of the Labor Monitor, with data updated as of March and a review of the 1st quarter of 2026, analyzing the evolution of labor demand in Uruguay, its performance by activity, and outlook for the coming months.

Key points:

• Job demand decreased by 5.8% year-on-year in the 1st quarter of 2026. After 2 years of growth, culminating in record employment in 2025, demand contracted.
• The decrease was moderate in most activities and demand remains at a historically high level.
• However, the evolution of some key indicators—particularly low projected economic growth—shapes a scenario where labor demand will hardly exceed last year's record.