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Employment hardly changed between January and March, improving expectations. After adjusting by seasonality, job creation and total hours worked accelerated (to 1.2% and 0.6% t/t SWDA, respectively). In addition, the unemployment rate (12.6% SWDA) and the temporary employment rate (17.8% SWDA) fell.
In February, 176 thousand jobs were created (3.4% YoY), marking the second-highest job creation since 1998. Although this is a significant growth, it aligns with the expected slowdown.
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, los…
Seven months after its entry into force, the labor reform has many bright spots, but also some shadows. Continuous evaluation could prevent the reduction in temporary employment from being overshadowed by the increase in turnover and the partia…
Permanent contracts increased by 209% in the first half of 2022 compared to pre-pandemic records, while temporary contracts fell by 37%, bringing the temporary employment ratio to its lowest level since 1985. However, it is still too early to a…
