Searcher
Juan Ramón García
Juan Ramón García
Principal Economist
Spain

Juan Ramón García is a principal economist in the Spain and Portugal unit of BBVA Research. Among other responsibilities, he is in charge of the conjunctural and structural analysis of the labour market and household consumption in Spain.

Previously, he was a senior economist in the Sectoral Analysis and Global Trends units of BBVA Research and a researcher at the Applied Economics Studies Foundation (Fedea).

He obtained a degree in Economics from the University of Santiago de Compostela in 2001 and a Diploma in Advanced Studies from the same university in 2003.

Latest publications

Social security affiliation fell by 53,100 people (2.3% YoY) and unemployment rose by 20,500 (-1.7% YoY). Excluding seasonal factors, there are signs of stability in the labor market, in figures less favorable than those of 2018: employment grew by 30,000 people and unemployment registered its fourth growth in 2019 (1,200)
Social security affiliation increased by 106,500 people (2.3% YoY) and unemployment by 97,900 (-2.4% YoY). Once seasonality is accounted for, mixed signals are observed in labor market: employment gained dynamism and grew by 39,000 people, but unemployment registered its third non-consecutive growth in 2019 (13,000 people)
Despite the positive seasonality, employment increased by only 69,400 people (1.8% a/a), less than expected. This, combined with the rise in active population, led to a modest fall in the unemployment rate (-0.1pp to 13.9%). Excluding seasonality, employment stagnated and the unemployment rate rebounded to 14.4%