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May 8, 2020
The health crisis and the limitation of movement are the main factors in the contraction of activity. Regions exposed to "social consumption" sectors are more affected. The importance of "essential activities" may be sustaining production in some central communities.
March 23, 2020
In a context of economic recession and health crisis, the impact on the labor market is widespread, however, it has a greater impact on the most vulnerable workers with low-income levels and excluded from social security.
February 19, 2020
The pace of job creation slowed further in January with an annual rate of 1.6%. Only 69K formal jobs were created in the private sector in January. The real wage continues with a good performance and grows 3.1% YoY.
January 27, 2020
In December 2019, the IMSS registered a total of 20.4 million workers. A total of 342 thousand new formal jobs were created in 2019, an average growth of 2.3% in the year. The formal payroll maintained average growth above 5% during the year.
December 20, 2019
As predicted, the deceleration of formal employment has been persistent practically throughout the year, in November it grew 1.7% YoY, the lower level since the crisis of 2009. From January to November 724 thousand jobs have been created.
December 12, 2019
GDP growth in Portugal is expected to be slightly higher than estimated a few months ago. Specifically, GDP could reach 1.9% in 2019 and 1.7% in 2020. This upward revision is explained by the historical review of the activity data carried out by the INE and because of the positive trend shown by some components of demand.
August 16, 2019
The creation of formal employment deepens its slowdown, in July formal employment grew 2.2% at an annualized rate. Four thousand permanent formal jobs were lost compared to the previous month, a situation that did not happen for a similar month since the crisis of 2009.
July 22, 2019
Growth for 2019 and 2020 would stand at approximately 1.7%YoY, 2 pp above that previously estimated in both cases. In 2019, it is expected that the slowdown in consumption will be offset by the increase observed in investment, whilst next year, improved exports should continue against a backdrop of recovery of global demand
June 19, 2019
In April 2019, formal employment reached a figure of 20.38 million, representing an annual growth rate of 2.4%. This is the lowest rate since 2010 in the aftermath of the last recession and confirms the decreasing trend of formal job creation since May 2018.
May 31, 2018
The economy maintained a growth of 0.7% QoQ in 1Q18, slightly lower than expected (0.8% QoQ). Contributions from private consumption, investment in construction and exports of services were significant, while exports of goods and investment in machinery offered a negative surprise in a global environment of increasing uncertainty.
October 3, 2014
Tras destruir un 18% del empleo entre 2008 y 2013, el reto más urgente para la economía española es reducir la tasa de paro y su volatilidad, creando empleo de calidad, estable y productivo. Funcionamiento deficiente del mercado de trabajo, sistema productivo, educativo, instituciones económicas y de nuestros mercados de bienes y servicios. Mercado de trabajo diseñado para el periodo anterior a la globalización. El funcionamiento del mercado de trabajo es un problema secular. La tasa de desempleo se acerca o supera el 20 por ciento en las recesiones. La tasa estructural de desempleo triplica la de EE.UU. y UE8. Excesiva dualidad y volatilidad del empleo, desajustes de los salarios a la productividad, formación insuficiente, diseño inadecuado de políticas activas y pasivas.
