Spain | 4Q2022 Quarterly Labour Market Observatory

Summary

We analyse the evolution of the labour market until December 2022 or January 2023 in this edition of OTMT . We take stock of the evolution of the main aggregate indicators and focus on the effects of demographic ageing on employment, working hours, occupational replacement and lifelong learning.

Key points

• Key points:
• Employment slowed down in the second part of 2022 and hours worked have not yet recovered their pre-pandemic values.
• The labour market reform has succeeded in reducing temporary rates to the lowest levels for more than three decades.
• The retention rates of workers with a regular permanent contract and a length of service of less than one year are falling.
• The mismatch between the evolution of actual working hours and employment can be partly explained by ageing.
• The presentation of the Observatory can be accessed here (Spanish version).

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