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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.
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.
November 19, 2019
In this Watch, the structural factors that allow us to explain the cyclical behavior of the Spanish economy during the first half of 2019 are evaluated, and the impact of the main changes affecting GDP.
October 30, 2019
The public pension system is a basic pillar of the welfare state. The Spanish system is perfectly viable and sustainable, provided that it adapts to ongoing economic, social and demographic changes in Spanish society.
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 15, 2019
According to the IMSS data from May to June, 20,368,666 formal jobs were registered, that is, 14.2 thousand less jobs compared to the previous month, this job loss is mainly due to the reduction of more than 57 thousand temporary jobs.
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.
June 4, 2018
This watch is evaluating the structural factors that shed light on the cyclical behaviour of the Spanish economy in 2017, estimating how they contributed to the annual growth rate of macroeconomic variables such as GDP or salaries.
April 6, 2018
The General Purpose Technology advancements, Information Communication Technology and digitization, are the common factors behind three major trickle-down structural contributors to stagnant real wage growth – low productivity growth, the decline in labor income share, and the rise in wage growth distribution inequality.
February 19, 2018
In the last few weeks, the debate on private savings as an instrument to supplement public pensions has again intensified. Although this has always been a topic for discussion and analysis, the recent cause was the royal decree that will enable the amount saved in pension plans to be redeemed after 10 years.
