1Q14 LFS: a bucket of cold water
Published on Tuesday, April 29, 2014 | Updated on Tuesday, July 8, 2014
1Q14 LFS: a bucket of cold water
Summary
The labour market’s performance in 1Q14 according to the LFS has been disappointing, in contrast with the Social Security and registered unemployment figures. The sharp reduction in the active population did not offset the fall in employment, greater than expected. As a result, the unemployment rate went up by 0.2pp to 25.9%.
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BBVA Research
BBVA Research