Employment

Asturias' GDP could increase by 2.3% in 2024 and 2.0% in 2025, which would allow for the creation of 13,700 new jobs in the region in the biennium.

In 2024, strength of employment and services exports, maintain dynamism in Madrid, the Mediterranean and the islands. In 2025, tourism will lose momentum. Higher European demand and the end of the drought will shift growth to regions with more industrial and agricultural relevance.

In Colombia, the results on food security were published, and despite the decrease in the percentage of households with food insecurity, the deterioration of employment, high food prices and increases in services and rents, reduce the chances of major improvements in this indicator, at least in 2024.

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 records, and highlight Spain's productivity deficit.

In March, the national unemployment rate was 11.3%, up from 10.0% a year ago. Seasonally adjusted, the national unemployment rate continued its upward trend in March. Employment fell by 0.7% year-over-year, so that job creation continued its downward trend.

This Observatory evaluates the factors that explain the cyclical behavior of GDP in Spain, full-time equivalent employment and productivity up to 4Q2023.