Cristina announces unemployment rate dropped to 7.6% in last quarter

President Cristina Fernández de Kirchner delivered a speech in which she dealt with the increasingly boosted car industry as she presented a new Peugeout car model, built entirely in the country.

"We managed to continue reducing the unemployment rate, as it has reached 7.6 percent this month, a significant different to the same period last year, when it stood at 9.1 percent," Fernández said.

The President highly praised the work being done in the car production industry, as she unveiled a new "challenge:" to integrate the technological and computer fields with the abovementioned. "We are working to turn Argentina into one of the seven countries with the highest level of car production," she stated.

After she talked about the new car model she was presenting, the Peugeout 408, she announced she wanted to pay homage to his late partner, Néstor Kirchner: "I'm sure he would happy to know we managed to lower down the unemployment rate once more, as it now reached 7.6 percent in the last quarter, comparing it to the previous period of time this year, when it stood at 7.9 percent. It is also a significant drop from the year-on-year point of view, as it was hitting 9.1 percent in the same period of time in 2009."

Cristina de Kirchner concluded her speech by stating she took pride in "the growth the field is seeing, as it used to have approximately 500 Argentine workers and now it bears more than 5,000."