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Formal employment in Mexico showed null monthly variation in March 2024, reflecting a more pronounced slowdown than expected in the year's first quarter. In March, it grew below expectations, partly attributable to the effect of Easter.
Signs indicate a gradual slowdown/normalization of the labor market, with NIFB survey trends suggesting no acceleration in employment, alongside lower Job openings and quits indicating slower wage growth.
In this new issue of the OTMT, we analyze the evolution of the labor market up to November 2023. We take stock of the evolution of the main aggregate indicators and focus on the monitoring of the 2022 Labor Market Reform, unemployment among peo…
This Observatory evaluates the factors explaining the behavior of the Spanish economy during 2022, and estimates the structural shocks behind the growth of GDP per working-age person (WAP), the GDP deflator and real wages.
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…
In October, the national unemployment rate was 9.7%. Employment growth showed a slowdown with respect to the growth rate observed in previous months. The commerce, artistic activities and public administration sectors were the most involved in job creation.
This Economic Watch evaluates the factors that explain the behavior of the Spanish economy between the third quarter of 2020 and the second quarter of 2022, and estimates the structural shocks behind the growth of GDP per working-age person (WAP), the GDP deflator and real wages.
Economic activity grew 3.5% year-on-year in November. In an analysis comparing GDP figures for 2021 with those for 2019 (pre-health crisis situation), activity expanded 1.3% (October: 1.2%).
The economy of the Basque Country, although showing a recovery, is less dynamic than expected last spring. GDP growth in 2022 will be somewhat higher than in 2021, around 5.5%, and by the end of 2022 there might be a return to the pre-crisis le…
The new labor reform was achieved with a social consensus. It clears up uncertainties, makes several improvements and avoids going back on key progress made in the last decade. But it is not ambitious enough to solve the structural problems of …
This Economic Watch updates the analysis of the factors determining the economic cycle in Spain, with the information available up to the second quarter of 2021, including the major revision of GDP and its components carried out by INE in september.
The labor market hit the brakes in August, probably driven by both demand and supply factors as a consumption demand slowdown along with increasing health concerns, both associated with the Delta variant, impacted the labor market.
