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This presentation, delivered on the 10th anniversary of the BBVA Pension Institute in Portugal, analyzes the economic forecasts for Portugal and Spain, and the challenge of long-term aging of their population, as one of the challenges facing public systems pensions in Europe.
Despite higher recent GDP growth, the productivity of the Spanish economy has been falling behind that of the EU, making convergence in per capita income difficult. The projections of the Ageing Report 2024 do not foresee any improvement in the outlook.
Formal employment in Mexico continues decelerating, growing 2.2% in May 2024, 0.2 percentage points lower than the previous month. Job creation is expected to pick up in the third quarter but at a slower pace than in 2023.
The country has been going backwards in pension security. We hope that this law is the beginning of a reversal of this situation and that, finally, responsible solutions are sought to guarantee an adequate level of protection during old age.
In April, the national unemployment rate was 10.6%, similar to a year ago and, seasonally adjusted, lower than in March 2024. The April rate results are due to the good performance of employment, which to some extent was due to the higher numbe…
Social Security enrollment grew by 220,300 and unemployment fell by 58,700. Seasonally adjusted, it is estimated that the number of contributors increased by 60,000, but the number of unemployed hardly changed. The percentage of those affiliated to the General Regime with temporary contracts stabilized at 14.4% CVEC.
The labor poverty indicator in Mexico was 35.8% during the first quarter of 2024, reaching its lowest level in nearly 17 years, specifically, since the third quarter of 2007, when it was 35.2%.
In this edition of the QLMO, we analyze the labor market situation with data available up to the first quarter of 2024. We review the trends of the main indicators, examine the differences between the Labor Force Survey and administrative recor…
Evidence shows that permanent improvements in productivity lead to a gradual reduction in hours worked per employee. In contrast, reversing this order of causality hinders employment growth.
Spain must continue to offer an attractive society to ensure migratory flows that will transform the demographic structure. Immigration, like productivity growth, helps to spread the increase in pension spending due to the retirement of baby bo…
The employment resumes growth in April (2.5% year-on-year); this rebound in employment is explained by the negative impact of the previous month's Easter week. A change in the employment creation trend is not anticipated but rather seen as a temporary adjustment
In the first quarter of 2024, job creation remained strong, but overall employment growth has slowed compared to last year. April saw only 175 thousand new jobs added, well below the expected 243 thousand.
