August 16, 2019
Job creation latest publications
The creation of formal employment deepens its slowdown, in July formal employment grew 2.2% at an annualized rate. Four thousand permanent formal jobs were lost compared to the previous month, a situation that did not happen for a similar month since the crisis of 2009.
Growth for 2019 and 2020 would stand at approximately 1.7%YoY, 2 pp above that previously estimated in both cases. In 2019, it is expected that the slowdown in consumption will be offset by the increase observed in investment, whilst next year, improved exports should continue against a backdrop of recovery of global demand
In April 2019, formal employment reached a figure of 20.38 million, representing an annual growth rate of 2.4%. This is the lowest rate since 2010 in the aftermath of the last recession and confirms the decreasing trend of formal job creation since May 2018.
The economy maintained a growth of 0.7% QoQ in 1Q18, slightly lower than expected (0.8% QoQ). Contributions from private consumption, investment in construction and exports of services were significant, while exports of goods and investment in machinery offered a negative surprise in a global environment of increasing uncer…
Tras destruir un 18% del empleo entre 2008 y 2013, el reto más urgente para la economía española es reducir la tasa de paro y su volatilidad, creando empleo de calidad, estable y productivo. Funcionamiento deficiente del mercado de trabajo, sistema productivo, educativo, instituciones económicas y de nuestros mercados de bi…