Employment latest publications
Last December an increase of 20% was announced for minimum wages for this year. This will obviously mean an increase in the standard of living of those workers who perceive it: about a million people, according to the National Survey of Occupation and Employment (ENOE).
The Spanish economy ends the second decade of the 21st century with a GDP growth rate close to its potential and an unemployment rate of 14.3%. During the last three quarters of 2019, GDP has grown at an annualized quarterly rate of 1.6%.
As predicted, the deceleration of formal employment has been persistent practically throughout the year, in November it grew 1.7% YoY, the lower level since the crisis of 2009. From January to November 724 thousand jobs have been created.
The economy of Navarre grew by 3.0% in 2018 and will advance by 2.0% in 2019 and 1.8% in 2020. Some 11,000 jobs will be created in the biennium, although the risks are numerous and some of them are more likely now. In 2020 the level of employment will be 0.5 percentage points below of the pre-crisis level
The economy of Andalusia grew by 2.4% in 2018 and will advance by 2.0% in 2019 and by 1.6% in 2020. This will add around 150,000 jobs in the biennium (almost 1 in 4 jobs in Spain), recovering to pre-crisis levels. However, the unemployment rate will still be 7.1 p.p. above the 2007 minimum
It is no secret: employment has grown continuously in Spain since 2013. Social Security registrations have increased by 20% since employment began to recover — for every five people registered before, there are now almost six.
The economy of Madrid grew by 3.7% in 2018 and will advance by 2.6% in 2019 and 2.2% in 2020. Some 128,000 jobs will be created in the biennium, although the risks are numerous and some of them are more likely now. Employment will exceed pre-crisis levels by 1% by the end of the biennium
Catalonia's GDP is expected to increase by 1.8% in 2019 and by 1.6% in 2020. This will enable the creation of around 115,000 new jobs between the end of 2018 and 2020, and reduce the unemployment rate to 11.0%