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May 19, 2025
The images of the floods that hit Valencia last October are still fresh in the collective memory. BBVA Research has developed an analytical framework to make the most of the available information and quantitatively assess both the impact and recovery after a climate disaster.
May 9, 2025
National employment grows, mainly driven by non-wage employment (+8% annually in March). Of 1.1M jobs created, most are independent and informal, raising the informality rate to 57.2%. The challenge is to formalize this employment to improve conditions and reduce poverty.
May 8, 2025
Despite rising uncertainty and early signs of cooling, the U.S. labor market remains broadly balanced, driven by services, stable participation, and moderated wage growth. However, risks from policy shifts and slower job openings are building.
May 6, 2025
Social Security affiliation increased by 231,000 people, and unemployment fell by 67,400. After seasonal adjustment (swda), the number of contributors is estimated to have risen by 64,000, and unemployment dropped by 21,000. The percentage of General Regime affiliates with temporary contracts remained at 13.7% (swda).
May 2, 2025
The national unemployment rate for March 2025 was 9.6% and the seasonally adjusted rate was 9.1% marking the third consecutive monthly decrease and placing it more than one percentage point below its 2024 average. This positive performance in the unemployment rate is mainly attributed to the strong dynamics of employment.
April 7, 2025
The latest Social Security enrollment figures for March come as welcome news for the Spanish economy, yet they are also a timely reminder that job creation alone is not enough in itself: we also need it to be more productive.
April 2, 2025
Social Security affiliation increased by 161,500 people, and unemployment fell by 13,300. Seasonally adjusted figures show that contributors rose by 44,000 and the number of unemployed decreased by 8,000. In 1Q25, affiliation grew by 0.6% q/q (0.5% in 4Q24), and unemployment dropped by 1.9% q/q (-1.2% in 4Q24).
March 7, 2025
The labor supply in Colombia, defined as the people who choose to participate in the labor market, has undergone three significant changes since 2019. One of them is that there are now more women who are heads of household in the workforce.
March 3, 2025
The national unemployment rate in January 2025 was 11.6%, while the seasonally adjusted rate was 9.4%, staying below 10% for the third straight month. The strong performance of the unemployment rate is due to positive labor market dynamics, with employment accelerating its growth since late 2024.
February 17, 2025
The parliamentary process should amend the proposal so that the reduction of the workday happens gradually, with increases in productivity and through collective bargaining, minimizing distortions and avoiding additional inefficiencies in the labor market.
February 14, 2025
The labor market in 2024 performed well in terms of job creation and showed an acceleration in the last three months. The average unemployment rate was 10.2% in 2024, the same as in 2023. However, in the last quarter, it dropped to 9.7% (seasonally adjusted), in line with the increase in job creation.
