Alfonso Arellano is Senior Economist in the Spain & Portugal Unit at BBVA Research. He is also part-time associate professor at Complutense University of Madrid.Previous to this position, Alfonso Arellano worked as post-doctoral researcher at the Foundation for Applied Economics (FEDEA) and visiting professor at the University of Alicante.He obtained the B.A. in Economics at Complutense University, the Master in Economics and Management at University Pompeu Fabra and completed the Ph. D. in Economics at University Carlos III.His research interests include microeconometrics, applied econometrics and labor economics. His current research also focuses on digital economy, financial literacy and financial health, among others.
Social Security affiliation fell by 11,600 people and unemployment by 24,600. After adjusting for seasonality, we estimate that the number of affiliated workers grew by 25,000 (2,500 more than in Oct) and the number of unemployed fell by 16,000, after stagnating since July. Temporary employment fell by 1.1 pp to 56.7% SWDA.
The latest Observatory published by BBVA Research, FEDEA and the Sagardoy Foundation shows a labor market in transition in Spain. Job creation continues, but at a significantly slower pace than in the first half of the year.
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.