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February 5, 2025
The average national unemployment rate for 2024 was 10.2%, unchanged from 2023. In major cities, the unemployment rate declined between 2023 and 2024, whereas it increased in the rest of areas. Throughout 2024, the seasonally adjusted unemployment rate trended downward, closing at 9.7% in December.
August 13, 2024
Present fears of a delayed economic recovery persist. Although the second quarter 2024 results are expected to be better, quick decisions are needed to generate more growth in the short and medium term and take advantage of the regional and local tailwind.
August 3, 2022
In June 2022, the national and urban unemployment rates were 11.3% and 11.7%, respectively. The seasonally adjusted comparison with respect to the previous month shows an increase in both rates. Job creation slowed and the population outside the labor force increased, generating alerts in the labor market.
April 19, 2022
Economic activity grew 4.9% YoY in February, accelerating from the previous month (January: 2.9%) but below the market consensus (5,9%), this result was favored by a low base of comparison, as isolation measures were tightened in February 2021 due to the pandemic.
October 15, 2021
Economic activity grew 11.8% year-on-year in August, still a high rate due to a low comparison base. A comparison of the 2021 figures with those of 2019 (pre-health-crisis situation) shows that activity grew 1.6% in August (July: 0.4%)
September 16, 2021
Economic activity grew 12.9% year-on-year in July, a still high rate due to a low comparison base. In an analysis that compares the GDP figures for 2021 with those for 2019 (a pre-health crisis situation), what is observed is that in July of this year, activity grew 0.4% (June: 1.1%).
August 17, 2021
Economic activity grew 23.5% YoY in June, still a high rate due to a low base of comparison. In an analysis comparing GDP figures of 2021 with those of 2019 (a pre-health crisis situation), we observe that in June activity grew 1.1%.
July 16, 2021
Economic activity grew 47.8% YoY in May, a very positive surprise (Bloomberg consensus: 42.4%). It is worth mentioning that, as has been the case in recent months, this figure hides a low YoY comparison base due to the fact that isolation measures were in force in May 2020.
June 30, 2021
The economy of La Rioja may have shrunk by 10.2% in 2020, and may grow 5.1% in 2021 and 6.5% in 2022. Public policies and the lower weight of social consumption softened the impact of COVID-19. Consumption and investment will start to push the economy, with risks. European funds shall boost growth especially through 2022.
June 23, 2020
Unemployment in Uruguay reached 10.1% in March, reflecting the effect of measures implemented to contain the outbreak of the coronavirus, in a poorly performing labour market. We expect the unemployment rate to rise to 14.2% this quarter. What are the challenges for the labor market in the wake of the pandemic?
April 21, 2020
The Spanish economy has entered into recession as a result of the extraordinary measures put in place to stop the spread of the Covid-19 pandemic. This crisis, however, is expected to be temporary. The activity is expected to grow again from the second half of the year.
