Spain | 3Q2023 Quarterly Labor Market Observatory

Summary

In this new issue of the OTMT, we analyze the evolution of the labor market up to November 2023. We take stock of the evolution of the main aggregate indicators and focus on the monitoring of the 2022 Labor Market Reform, unemployment among people aged 50 and over, and employment and the environment.

Key points

• Key points:
• The Spanish economy continued to create jobs, although it seems to have lost momentum in the second half of 2023.
• The effects of the labor market reform on temporality and labor flows have moderated in 2023.
• The people aged 50 and over now make up the majority of the registered unemployed and outnumber the young in the LFS.
• Spain has recovered the employment level of the beginning of the Great Recession with a 37% reduction in greenhouse gas emissions.
• The presentation of the Observatory can be accessed here (Spanish version).

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