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Social Security affiliation rose more than expected in March (193,600 individuals), but unemployment declined less than forecasted (-33,400). Seasonally adjusted, employment rebounded in Q1 2024 (0.8% quarterly CVEC) and both hiring (-0.9%) and unemployment (-1.9%) decreased.
Social Security affiliation rose by 103,600, while unemployment decreased by 7,500. After seasonal adjustments, it is estimated that the number of contributors grew by 85,000, and the number of unemployed people dropped by 35,000. The percentage of temporary contracts decreased by 2.9 pp to 54.2% CVEC.
In this new issue of the OTMT, we analyze the evolution of the labor market up the fourth quarter of 2023. We take stock of the evolution of the main aggregate indicators to, a follow-up of the Labor Reform of 2021, voluntary resignations and q…
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 consecu…
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 …
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 year 2023 closed with 539,700 more affiliated workers and 130,200 fewer unemployed.
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, after stagnating since July. Temporary employment fell by 1.1 pp to 56.7% SWDA.
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.…
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 …
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 university workers, and the education and training of self-employed and entrepreneurs.
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 after growing the previous month. Temporary employment ratio fell to 56% SWDA.
