employment

In the World 10th March 2026

US job creation surprises negatively, falling to minus 92K and pushing unemployment to 4.4%

Bankinter | Non-farm payrolls in February surprised negatively, falling to negative 92K (compared to the expected positive 65K and the previous positive 126K). The unemployment rate rose to 4.4% (versus the expected 4.3% and the previous figure). Non-farm payrolls in February surprised negatively, falling to negative 92K from the previous positive 126K (revised from 130K), a figure well below market expectations (65K). This is the weakest job creation figure since…

In the World 12th January 2026

US economy generates 50,000 net non-farm jobs in December, below expectations.

Link Securities | According to the Department of Labour, in December the US economy generated 50,000 net non-farm jobs, slightly less than the 56,000 jobs created in November, and below the consensus forecast by FactSet analysts, which was 55,000 new jobs. In the month analysed, the private sector generated 37,000 net jobs (50,000 jobs in November), while the public sector created 13,000 jobs (6,000 jobs in November). Analysts had projected…

In the World 5th December 2025

Layoffs in US rise in November less than October but remain at historically high levels

Bankinter | Layoffs increased in November by 23.5% year-on-year to 71,321 (versus 48% and 85,436 expected) according to Challenger. Layoffs eased compared to October levels of 153,074, but remain at historically high levels. Since 2008, only in November 2022 had layoffs exceeded 70,000 in a single month. For the year as a whole, layoffs are up 62% on 2024 levels. The sectors most affected in November were telecommunications (21%) and…

Relevant News Item 12th July 2023

Sánchez’s government offers 40,000 public jobs ten days before elections

The Government has given the green light this Tuesday in the Council of Ministers to the Public Employment Offer (OEP) for the year 2023. A record number of 39,574 vacancies in total, 16% more than those offered last year. This was announced by the Minister of Finance and Public Administration, María Jesús Montero, at the press conference following the Council. The government has finalised the offer after receiving the approval…

Spanish economy, Spanish Politics 6th March 2023

55% of all employment created during Sánchez’s government is in public sector

Although the unemployment rate is still above 12%, the number of workers has once again surpassed the 20 million mark, with temporary employment at an all-time low following the labour reform. But there is a catch to this balance sheet: 55% of the net increase in employment during the legislature corresponds to public sector jobs, which are also confirmed as the most precarious. As the newspaper El Economista explains, according…

Spanish economy 31st January 2023

Rate of temporary workers in Spain’s public sector (30.2%) doubles that of private sector (14.8%)

According to the USO union, temporary employment in 2022 was slightly reduced compared to 2021, but that of the public sector continues to be higher than in 2020 and 2019. The latest Active Population Survey, at the end of 2022, reflects that the greater precariousness of employment occurs in the public sector, which doubles the rate of temporary employment in the private sector. Thus, temporary employees of all kinds in…

Spanish economy 28th November 2022

Effects of the labour reform: 62% of permanent contracts signed up to October did not create real jobs

In the first ten months of 2022, the enrolment of workers with permanent contracts totalled 2.6 million people. For this, 5.95 million contracts had to be signed, which means that almost 3.7 million of them, 62%, ‘vanished’ without being translated into new stable employment. This gap, moreover, is growing intensely: it has widened by half a million in the last month alone. The newspaper El Economista explains that although this…

Spanish economy 4th October 2022

The OECD Warns That 28% Of Young Spaniards Have Not Completed The Baccalaureate Or Vocational Training, The Highest Percentage In The EU

According to OECD data, 28% of Spaniards between 25 and 34 years of age have not graduated from the Baccalaureate or Intermediate Vocational Training. Yesterday, the international organisation took us to task, warning us that the second stage of secondary education is the “minimum qualification” that must be acquired in order to have “a successful participation in the labour market”. However, the percentage of those who barely achieve a basic…

Interviews, Spanish economy 20th September 2022

“It Cannot Be That The Number Of Public Employees Rises And At The Same Time The Number Of Hours Worked Falls”

Almudena Díez | Ismael Clemente, CEO of Merlin Properties, explains that “What we are seeing today is that the adoption rate of teleworking in Spain is very low. In fact, it is one of the lowest, not only in Europe, but in the world. With the exception of the public administration, which has adopted it massively, with the risk of generating inefficiency” Q: A Bankinter director told us that the…

Spanish economy 5th May 2022

Spain Reaches 20 Million Employed While Temporary Employment In The Public Sector Reaches 32% Vs 22% In The Private Sector

April leaves 184,577 more contributors to the Social Security system in Spain and 86,260 fewer unemployed. This usually corresponds to a traditionally positive month for employment when it coincides with the Easter holiday period, with its good impact on jobs. The average number of affiliated members in April exceeded 20 million (20,019,080 people) and the number of unemployed fell to three million (3,022,503 unemployed). That said, we continue to lead…

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