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April 26, 2024
Despite the quarter's negative seasonality, both the number of jobs (up 0.5% quarterly CVEC) and hours worked (up 0.3%) increased. Furthermore, the rate of temporary employment and the unemployment rate both fell (to 16.1% and 11.7% CVEC, respectively).
January 26, 2024
Excluding seasonal factors, occupation outpaced affiliation in 4Q23 (0.6% q/q vs. 0.4% q/q), and worked hours surged to 0.9% q/q. The temporary employment and unemployment rates dropped (to 16.5% and 11.9%, respectively). In 2023, 615,000 jobs emerged (3.0%), lowering the unemployment rate to 12.9%.
November 20, 2023
In this new issue of the OTMT, we analyze the evolution of the labor market up to November 2023. We take stock of the evolution of the main aggregate indicators and focus on the monitoring of the 2022 Labor Market Reform, unemployment among people aged 50 and over, and employment and the environment.
November 15, 2023
BBVA Research forecasts GDP growth in La Rioja of 2.3% in 2023. Although the scenario going forward deteriorates, the recovery will continue, and GDP growth of 1.8% is expected in 2024. 5,700 jobs could be created in the 2023-2024 biennium.
October 26, 2023
Employment grew more than expected (209,200 people). After adjusting for seasonality, employment data was positive, both in terms of the number of workers (0.8% QoQ SWDA) and in terms of hours worked. In addition, temporary employment fell (16.8% SWDA) and the unemployment rate increased (12.2% SWDA) due to the labor force.
July 27, 2023
Employment increased more than expected between April and June (603,900). Excluding seasonality, job creation picked up (1.4% QoQ SWDA), but the decline in average working hours limited the rise in hours worked (0.5%). Moreover, temporary employment (17.1% QoQ SWDA) and the unemployment rate (11.7%) fell.
June 1, 2023
We analyse the evolution of the labour market until May 2023 in this edition of OTMT. We take stock of the evolution of the main aggregate indicators and focus on the evolution of employment and effective working hours and gender differences in occupations and working hours.
May 16, 2023
One of the most relevant characteristics of the recovery of advanced economies and Spain since the COVID-19 crisis has been the intensity of job creation and the resilience of the labor market. The balance is clearly favorable.
January 26, 2023
Employment hardly changed between October and December seasonally adjusted (0.0% quarter-on-quarter), but hours worked increased (0.5%). Unemployment and temporary employment rates fell (13.0% and 17.9% QoQ, respectively). In 2022, 617,000 jobs were created (3.1%) and the unemployment rate fell by 1.9pp to 12.9%.
October 27, 2022
Seasonality drove job creation (77,700) and contained the unemployment rate (12.7%). Seasonally adjusted figures (SWDA) show that employment fell (-0.1% QoQ), hours worked slowed (0.7%) and the unemployment rate rebounded (13.2%). However, temporary rate decreased (19.6% SWDA).
July 28, 2022
Seasonality boosted employment (383,300) and the unemployment rate fell (12,5%). Seasonally adjusted figures show that job creation was modest (0,6% quarter-on-quarter), but hours worked increased (1,1%) and unemployment and temporary rates fell (12,4% and 22,5%, respectively).
July 1, 2022
La Rioja's GDP grew by 4.4% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Rioja's GDP is expected to grow by 3.4% in 2022 and 3.0% in 2023. By the end of 2023, GDP per capita could be 1% higher than in 2019.
