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October 7, 2024
Immigration has been a key factor supporting the growth of the Spanish economy in the wake of the pandemic. The labor market, economic and social integration, and training of immigrants all require priority attention from policymakers.
August 14, 2024
Although the Unemployment Rate (UR) increase raises concerns, it remains just 0.1 percentage points away from the Federal Reserve's long-term target, and the July figure didn't trigger the Sahm Rule due to changes in the calculation. Ongoing monitoring of the UR is necessary to assess future risks.
July 10, 2024
There is still no clear indication of a severe slowdown in the labor market, though it has weakened more than it initially appears. The slower rate of job creation, coupled with frequent downward adjustments to monthly employment figures, suggests a labor market that remains robust but not excessively tight.
February 3, 2024
In 2023, the average unemployment rate was 10.2% at the national level, decreasing by one percentage point with respect to 2022. Thus, labor variables showed resilience in a context of deceleration. However, by the end of the year, since September, a deterioration in the labor market to be monitored in 2024, was seen.
August 21, 2023
The demographic challenges facing developed countries are well known: rapid aging and populations that in are already beginning to shrink in some regions. Less well known, however, is that the demographic transition is already changing the landscape in the vast majority of developing countries.
March 2, 2023
The national unemployment rate stood at 13.7% and the urban unemployment rate at 14.5%, both lower than those observed a year ago. The employed reached 22.2 million people (+108 thousand seasonally adjusted), slightly above the average level observed between April and December 2022.
February 3, 2023
In 2022, the unemployment rate was 11.2% nationally, decreasing 2.6 p.p. with respect to 2021. In 2022, the national employment stood at 22 million, 1.6 million more than in 2021 and 0.7 million more than in 2019. In 2022, employment showed greater dynamism than before the pandemic.
January 4, 2023
In November 2022, the national unemployment rate was 9.5% and the urban unemployment rate was 9.1%. With this, the national unemployment rate was 2.0 percentage points below that of the same month in 2021, and the urban unemployment rate was 3.1 percentage points below.
July 8, 2022
In May 2022, the national unemployment rate was 10.6%. In seasonally adjusted terms, compared to April 2022, the national unemployment rate decreased 0.7 percentage points. National employment grew strongly in May 2022, reinforcing its upward trend that began since the end of last year.
May 7, 2021
April’s job creation was shockingly below expectations. The unemployment rate increased slightly as more people entered the labor force encouraged by vaccinations and reopenings. Overall, labor market conditions suggest that the recovery is still vulnerable.
