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… grows by 0.8% MoM in October, slightly below the average since 2010 (0.9% MoM). With the creation of 173 thousand formal jobs, October ranks as the fourth-highest figure since 1998. However, it stands 1.2 percentage points below the average year-on-year growth observed in 2021 and 2022.
Social Security affiliation increased more than expected in September (18,300 people), although the increase in unemployment surprised negatively (19,800 people). After adjusting for seasonality, employment grew in 3Q23 (0.3% QoQ CVEC), hiring fell (-3.1%) and registered unemployment stagnated.
The growth in Social Security affiliation (21,900) and the reduction in unemployment (-11,000) in July were lower than expected. Seasonally adjusted, the number of affiliates increased by 16,000, 5,000 more than in June, and the number of unemp…
Social Security affiliation increased last month (238.400) and unemployment fell (-73.900). After adjusting for seasonality, employment grew by 120.000, the temporary employment rate fell (to 57.3%) and also did unemployment (-33,000).
In February 2023, the national unemployment rate was 11.4%, seasonally adjusted, showing lower levels than in previous months, explained by an increase in the population outside the labor force, with employment remaining at similar levels since…
Social Security affiliation rose strongly in February (88,900) and unemployment practically stagnated (2,600). After adjusting for seasonality, it is estimated that both the number of Social Security affiliation (83,000) and temporary employment rate grew (to 55.5%), while unemployment fell (-29,000).
Social Security affiliation fell in January due to negative seasonality (215,000) and unemployment increased (70,700). Excluding this factor, it is estimated that the number of affiliated workers increased by 47,000 and the number of unemployed by 6,000, while temporary employment fell (53.2%).
The increase in Social Security affiliation and decline in unemployment moderated in December. Excluding seasonality, the registered workers increased by 11,000, unemployment fell by 23,300 and temporary employment rose (53.7%). Besides, job cr…
Social Security gross affiliation stagnated and registered unemployment fell by 33.500. Excluding seasonality (CVEC), employment continued to increase (30.000) and temporality in hiring maintained its rate of decline (to 53,7%). Unemployment fe…
Social Security affiliation grew by 103,500 persons and registered unemployment fell by 27,000. Excluding seasonality, employment maintained its rate of increase (20,000), unemployment broke its upward trend (-55,000) and temporary employment f…
Enrollment grew by 29.300 and registered unemployment by 17.700. Seasonally adjusted, employment returned to positive figures (22.000), but unemployment continued to rise (14.000). In 3Q22, employment barely increased (0,1% q/q q/q SCQ), unemployment rebounded (1,9% q/q SCQ) and temporality fell (to 57,7%).
The labour market reform changes the sectoral distribution of contracts by duration: those sectors with a greater weight in shorter duration contracts, such as Accommodation and food service activities and Agriculture, forestry and fishing, lose importance and the rest of the activities gain it.
