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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%.
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 people aged 50 and over, and employment and the environment.
BBVA Research forecasts GDP growth in La Rioja of 2.3% in 2023. Although the scenario going forward deteriorates, the recovery will continue, and GDP growth of 1.8% is expected in 2024. 5,700 jobs could be created in the 2023-2024 biennium.
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.…
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 emplo…
We analyse the evolution of the labour market until May 2023 in this edition of OTMT. We take stock of the evolution of the main aggregate indicators and focus on the evolution of employment and effective working hours and gender differences in occupations and working hours.
One of the most relevant characteristics of the recovery of advanced economies and Spain since the COVID-19 crisis has been the intensity of job creation and the resilience of the labor market. The balance is clearly favorable.
Employment hardly changed between October and December seasonally adjusted (0.0% quarter-on-quarter), but hours worked increased (0.5%). Unemployment and temporary employment rates fell (13.0% and 17.9% QoQ, respectively). In 2022, 617,000 jobs…
Seasonality drove job creation (77,700) and contained the unemployment rate (12.7%). Seasonally adjusted figures (SWDA) show that employment fell (-0.1% QoQ), hours worked slowed (0.7%) and the unemployment rate rebounded (13.2%). However, temp…
Seasonality boosted employment (383,300) and the unemployment rate fell (12,5%). Seasonally adjusted figures show that job creation was modest (0,6% quarter-on-quarter), but hours worked increased (1,1%) and unemployment and temporary rates fel…
La Rioja's GDP grew by 4.4% in 2021. But the war in Ukraine and sanctions reduce growth expectations. Thus, Rioja's GDP is expected to grow by 3.4% in 2022 and 3.0% in 2023. By the end of 2023, GDP per capita could be 1% higher than in 2019.
Negative seasonality caused a decline in employment (-100,200) and an increase in the unemployment rate (13.6%). However, the adjusted figures (SWDA) are positive: employment grew by 1.1% qoq, hours worked by 0.8%, the unemployment rate fell to 13.0% and the seasonality rate hardly changed (25.1%).
