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November 5, 2024
Spain | The labor market continued to gain momentum in October
Social Security affiliation grew by 134,300 people and unemployment increased by 26,800. Seasonally adjusted, the number of employees rose by 55,000, while the number of unemployed fell by 13,000. Additionally, the percentage of affiliates with temporary contracts decreased.
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October 16, 2024
Mexico | The weakness of employment is noticeably accentuated in September
Formal employment grew by 1.6% in September. Despite the increase, the growth was lower than expected, reflecting a more significant slowdown and worsening short- and medium-term employment expectations, influenced by the country's anticipated lower economic growth and uncertainty.
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October 7, 2024
Spain | Growing with more immigration
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.
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October 2, 2024
Spain | September confirmed that job creation accelerated throughout Q3 2024
Social Security affiliation increased by 8,800 while unemployment by 3,200. After adjusting for seasonality, the number of contributors rose by 24,000, and the unemployed dropped by 14,000. In Q3 2024, affiliation grew by 0.3% QoQ SWDA (0.8% in Q2 2024), and unemployment declined by 0.8% QoQ SWDA (-2.1% in Q2 2024).
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August 19, 2024
Spain | Two visions of the economic recovery
Since the beginning of the war in Ukraine, Spain has grown more than the EU, but the data offers an alternate view when, instead of comparing the aggregate performance of activity and employment, we focus on per capita growth.
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August 2, 2024
Spain | July confirmed the loss of momentum in the labor market
Social Security affiliation fell by 9,800 people, and unemployment decreased by 10,800, slightly worse than expected. Adjusted for seasonality, the number of contributors increased by 3,000, 22,000 less than in June, and the unemployed dropped by 4,000. The percentage of affiliates with temporary contracts stabilized.
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July 29, 2024
Spain | Construction is facing a productivity problem
Since 2013, labor productivity in the construction sector, measured as GVA per hour worked in real terms, has fallen by more than 20%. In comparison, the growth in the same indicator for all sectors is 5%.
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July 17, 2024
Mexico | The slowdown in formal employment continued in June...
Despite the slowdown, permanent formal employment has shown constant gains. In June, formal employment had a year-on-year growth of 2.0%, 0.1 percentage points below our forecast, confirming the expected deceleration trend.
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July 2, 2024
Spain | June records closed a positive quarter for the labor market
Social Security contributors rose by 71,100, while unemployment fell by 46,800, aligning with expectations. Seasonally adjusted, affiliation grew by 0.8% QoQ in Q2 2024, slightly higher than in Q1 2024, and unemployment decreased by 2.1% QoQ (-1.8% in Q1 2024).
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June 19, 2024
Peru Economic Outlook. June 2024
Output will grow 2,9% this year (previous forecast: 2,7%), supported by a new pension funds withdrawal. Sectors affected by weather anomalies in 2023 will recover and non-primary sectors too thanks to increased private spending. In 2025, once the impact of pension funds withdrawals is exhausted, growth would reach 2,7%.
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