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October 23, 2020

U.S. Economic Outlook. Fourth quarter 2020

Pandemic and election could add noise to short-term outlook, but medium-term prospects improving. Baseline assumes GDP growth of -4.6% in 2020 and 3.8% in 2021. Pace of decline in unemployment to slow as persistent headwinds increase.
  • Geography Tags
  • USA

October 2, 2020

Spain | The recovery in employment continued in September, but the road ahead is long

Affiliation increased by 81,900 people in September (-2.4% y/y) and unemployment fell by 26,300 (22.6% y/y). Excluding the seasonal component, employment grew by 105,000 people and unemployment decreased by 49,000. In 3Q20, job creation rose by 1.5 t/t CVEC and unemployment fell by 1.0%.

September 30, 2020

Mexico | Mixed picture in August job creation

The Mexican Institute of Social Security (IMSS) reported that 92.4 thousand formal jobs were created in August, equivalent to 8.3% of the 1.1 million jobs lost from March to July. The weak recovery in employment could not stop the deterioration of the labor market in a generalized way.

September 25, 2020

U.S. | Employment: trends, outlook and challenges

The Covid-19 pandemic generated an unprecedented shock to the labor market that at its peak contributed to the loss of 25 million jobs, forcing 24 million people to claim unemployment benefits and 8 million to leave the labor force temporarily.
  • Geography Tags
  • USA

September 11, 2020

Spain | The recovery of employment after COVID-19

As the Spanish economy was still recovering from the effects of the Great Recession, the COVID-19 crisis had a dramatic impact on its labor market, which has been the worst-performing in Europe during said crisis.

September 3, 2020

Colombia | Effects of COVID-19 on July employment

In July, the pace of job creation moderated and the number of unemployed fell, reflecting the lack of dynamism in the labor force. As a result, the national unemployment rate fell from 20.8% to 19.8% between June and July.

September 2, 2020

Spain| Incomplete recovery despite labor market improvement in August

Social Security Affiliation raised by 6,800 people in August (-2.7% YoY) and unemployment by 29800 (24% YoY). Discounting seasonality, the number of contributors grew by 180000 and the unemployed fell by 17000. The estimated impact of the crisis continues to be significant: -960000 contributors and 825000 unemployed.

August 10, 2020

Colombia | Effects of COVID-19 on June employment

Labor dynamics that began in May continued in June, at a slower pace, especially in the cities. The increase in labor supply seemed to moderate in June and less dynamism of employment (labor demand) was observed. The number of unemployed increased in June.