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The affiliation saw a decrease of 231,200, while the number of unemployed rose by 60,400 due to seasonal patterns. Once this factor is adjusted, affiliations are estimated to have increased by 39,000, and unemployment fell for the third consecutive month (-15,000). Temporary employment increased 2.1pp, reaching 57.1% SWDA.

Excluding seasonal factors, occupation outpaced affiliation in 4Q23 (0.6% q/q vs. 0.4% q/q), and worked hours surged to 0.9% q/q. The temporary employment and unemployment rates dropped (to 16.5% and 11.9%, respectively). In 2023, 615,000 jobs emerged (3.0%), lowering the unemployment rate to 12.9%.

Social Security affiliation increased more than expected in December (29,900), but unemployment fell less than expected (-27,400). Seasonally adjusted, employment rebounded in 4Q23 (0.4% q/q SWDA) and unemployment fell (-0.3% q/q SWDA). The yea…

Social Security affiliation fell by 11,600 people and unemployment by 24,600. After adjusting for seasonality, we estimate that the number of affiliated workers grew by 25,000 (2,500 more than in Oct) and the number of unemployed fell by 16,000…

Both Social Security affiliation (92,900 people) and unemployment (36,900) increased. Seasonally adjusted, the number of affiliated workers grew by 20,000 (4,000 less than in September) and the number of unemployed rose for the second consecuti…

Employment grew more than expected (209,200 people). After adjusting for seasonality, employment data was positive, both in terms of the number of workers (0.8% QoQ SWDA) and in terms of hours worked. In addition, temporary employment fell (16.8% SWDA) and the unemployment rate increased (12.2% SWDA) due to the labor force.

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.

In this new issue of OTMT we analyse the evolution of the labour market up to September 2023. We take stock of the evolution of the main aggregate indicators and focus on the monitoring of the Labour Reform, the occupational mismatch of univers…

Seasonality worked against Social Security affiliation (-185,400) and unemployment (24,800) in August. Excluding its impact, the number of affiliates increased by 20,000, 3,500 more than in July, and the number of unemployed decreased by 7,000 …

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…

Employment increased more than expected between April and June (603,900). Excluding seasonality, job creation picked up (1.4% QoQ SWDA), but the decline in average working hours limited the rise in hours worked (0.5%). Moreover, temporary employment (17.1% QoQ SWDA) and the unemployment rate (11.7%) fell.

Social Security affiliation increased moderately in June (54,500) and unemployment fell (-50,300). After adjusting for seasonality, employment grew in 2Q23 (1.1% q/q SWDA) and both hiring (-1.7%) and registered unemployment (-2.9%) fell.