Publications

There are several warning signs that the U.S. economy is beginning to lose steam. The labor market shows some weakness, with job creation having slowed significantly.

Applying the methodology in Reifschneider and Wilcox (2022), an econometric regression was estimated using as explanatory factors four lags of annualized quarterly inflation and the unemployment gap. The objective was to estimate inflation persistence and the coefficient of the Phillips curve.

In 2024, Extremadura's GDP could have grown by 2.9%, and it is expected to increase by 2.1% in 2025 and 1.5% in 2026. Looking ahead, economic activity will be marked by high uncertainty surrounding economic and trade policy and the slow recovery in Europe.

Colombia’s national unemployment rate in July 2025 stood at 8.8%, down from 9.9% a year earlier and the lowest for a July in the past 24 years. Employment remained at high levels, driven by wage jobs in private companies. The sectors that generated the most jobs were Accommodation and Food Services, and Transportation.

The unemployment rate has declined throughout 2025, reaching 8.6% in June, equivalent to 8.9% after seasonal adjustment. This reduction has been supported by strong employment growth, mainly in smaller urban areas and rural regions, and largely driven by informal jobs.

The national unemployment rate for May 2025 was 9.0%, lower than 10.3% a year ago and the lowest for a May in the last 24 years. Seasonally adjusted, the rate showed a decreasing trend between June 2024 and April 2025 and was around 9% in the March-May 2025 period.

Colombia's national unemployment rate in April 2025 was 8.8%, lower than the 10.6% observed a year prior. Seasonally adjusted, the April rate also stood at 8.8%, marking the lowest recorded since 2015.