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    March 29, 2019

    The recovery of the Spanish economy and the challenges ahead

    After an unprecedented crisis, Spain has overtaken pre-crisis levels of income per capita due to a favorable combination of external and domestic factors. Although it is difficult to estimate their exact contribution, behind the current economic recovery are the effects of structural reforms, in labor and product markets, t…

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    March 4, 2019

    Spain | Job creation continued in February in line with expectations

    Social security registrations increased by 69,200 (2.9% compared to the end of February 2018), while unemployment practically stagnated (-5.2% compared to one year ago). When not taking seasonality into account, employment increased by 40,000 people and unemployment fell by 13,000; a rate of improvement in the labor market …

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    January 29, 2019

    Spain | A Better-Than-Expected Q4 Led to the Creation of 502,900 Jobs in 2018

    The labor market recovered with more momentum than expected in 4Q18. Employment increased by 36,600 people (3% YoY) according to the Spanish Labor Force Survey, despite negative seasonality, and the unemployment rate fell by a tenth to 14.4%. Over the course of the year, 502,900 jobs were created (2.7% YoY) and the unemploy…

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    October 25, 2018

    Spain| Labour Force Survey job creation slowed in 3Q18 and met expectations

    The labour market recovery lost traction in Q3, in line with expectations. Favourable seasonality contributed to the increase in Labour Force Survey employment by 183,900 people (2.5% YoY) and to the fall in the unemployment rate to 14.6%. Adjusted for this factor, employment growth decelerated by 0.4 pp to 0.5% QoQ and the…

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    August 28, 2018

    The labour share in the service economy

    Labour’s share of national income has dropped in most of the developed countries and emerging economies in the past few decades. However, this trend is not common across industries: the share of income accounted for by wages has seen an increase in the service industry, while it has recorded a fall in the rest of industrie…

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    July 26, 2018

    Spain | Labour Force Survey job creation continued in 2Q18 and improved expectations

    The recovery of the labour market recovered traction in 2Q18, with more momentum than expected. Favourable seasonality contributed to the increase in Labour Force Survey employment of 469,900 people and the fall in the unemployment rate to 15.3%. After correcting this factor, employment grew by 1.0% QoQ and the unemployment…

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    May 4, 2018

    Spain | Labour market recovery maintains good tone at the start of Q2

    The second quarter got off to a positive start. Social Security registrations continued to improve in April (176,000 people) and unemployment continued to fall (-87,000 people), due only in part to the positive seasonality. Excluding this factor, it is estimated that employment grew by 40,000 people, while the decrease in u…

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    April 26, 2018

    Spain | Labour Force Survey job creation continued in 1Q18, but at a slower pace than expe…

    The labour market recovery did not gain traction in 1Q18, contrary to expectations. The unfavourable seasonality led to a fall in Labour Force Survey employment of 124,200 people and an increase in the unemployment rate to 16.7%. After correcting this factor, employment increased again by 0.5% QoQ and the unemployment rate …

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