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Unemployment latest publications

July 2, 2020

U.S. | Positive June employment report overshadowed by worsening health crisis

U.S. economy showed further signs of strengthening with the labor market adding 4.8M jobs. While overall unemployment rates have declined, there remain significant disparities among groups.
  • Geography Tags
  • USA

July 1, 2020

Spain | The Spanish economy in the 21st century

Twenty years ago, the Spanish economy started its journey into the 21st century after joining the eurozone in 1999. Since then, Spain has faced two economic expansions and two intense crises of a very different nature, with important consequences for economic policy.

June 23, 2020

Uruguay | Labor Market: what we can expect (and do) once the coronavirus is gone

Unemployment in Uruguay reached 10.1% in March, reflecting the effect of measures implemented to contain the outbreak of the coronavirus, in a poorly performing labour market. We expect the unemployment rate to rise to 14.2% this quarter. What are the challenges for the labor market in the wake of the pandemic?

June 12, 2020

Spain | Rebuilding the Labor Market After COVID-19

The COVID-19 crisis has brought the weaknesses of the Spanish labor market to light once again and it may have a permanent impact on the labor market. Avoiding such a situation must be one of the objectives of the Parliamentary Commission for Social and Economic Reconstruction.

June 5, 2020

U.S. | May employment figures suggests recovery underway

With 2.5M jobs being added and the unemployment rate declining 1.4pp to 13.3% in May, it seems fair to assume that the economy has reached bottom and the recovery is underway.
  • Geography Tags
  • USA

May 13, 2020

Mexico | Formal employment collapses in April, two years of job creation lost

Measures to support employment considering the paralysis and economic slowdown have been insufficient to halt the destruction of formal jobs, resulting in an unprecedented contraction in the formal employment. There is a high risk that job destruction became structural as more companies close permanently.

May 8, 2020

U.S. | Pandemic wipes out decade of job gains

With 30M people filing for unemployment insurance since March 21st, the precipitous drop in nonfarm payrolls of 20.5M was not a surprise. However, the drop in employment over the past two months has all but erased the job gains since February 2011.
  • Geography Tags
  • USA

May 8, 2020

Portugal Economic Outlook. Second quarter 2020

In Portugal, GDP could fall by about 6.5% in 2020, and the unemployment rate could exceed 10%, although uncertainty is particularly high, especially in relation to the duration of the restrictions imposed and their impact on different sectors. There are many scenarios that are still possible under reasonable assumptions.