Unemployment latest publications
In February, employment was boosted by the easing of mobility restrictions. By that month, 79% of the employment lost when it had deteriorated the most had been recovered. Its recovery is expected to continue and its pace will depend on economic growth, the progress of the pandemic and the measures to contain it.
Social Security affiliarion rose by 70,800 in March and unemployment fell by 59,100. Seasonally adjusted, employment fell by 8,000 and unemployment by 20,000. In Q1, job creation moderated (0.2% q/q q/q CVEC) and unemployment rose (0.5%). There were still 1,184,000 workers with limited activity
April 2, 2021
U.S. | Strong job creation backed by vaccination, reopenings and massive fiscal support
March saw an addition of 916,000 jobs to nonfarm payroll and a drop in the unemployment rate by 0.2pp to 6.0%. This high uptick in the employment situation was brought about by a successful vaccination campaign, the ongoing reopening of the economy and massive fiscal support.
The economy of Extremadura may have shrunk by 9.2% in 2020, and might grow 4.2% in 2021 and 7.0% in 2022. Public policies softened the impact of COVID-19. Consumption and investment will push the economy through 2021. With risks, the situation should be getting back to normal by 2022.
In February, the economy added 379,000 nonfarm payroll jobs while the unemployment rate edged down to 6.2%. To secure a faster recovery, policymakers should continue provisioning ample fiscal and monetary support. Premature removal of either could threaten the prospects of the recovery.
In January, mobility restrictions temporarily interrupted the employment recovery. As of January, 73% of the jobs lost at the time of the worst deterioration of the labor market had been recovered. Given the easing of restrictive mobility measures, the labor market is expected to return to dynamism from February of 2021.
February 22, 2021
Mexico | Weak recovery of formal employment with strong adjustment in wage distribution
Job creation is off to a slow start in 2021. Despite having positive job creation in January is insufficient given the loss of jobs that occurred since the start of the pandemic, which maintains a gap of 792 thousand jobs less compared to February 2020.
GDP grew 0,5% year-on-year in December and positively surprised the market. Incorporating the December result, we estimate GDP fell 11,1% in 2020