employment

employment office

Spain, Employment Record: 20.18 Million People In Employment

The data from the latest Labour Force Survey, corresponding to the fourth and last quarter of 2021, have just been released by the National Statistics Institute. In the fourth quarter of 2021, 20.18 million people were employed. This is the highest number since September 2008 and 840,700 more than a year earlier (+4.3%). According to the National Statistics Institute, the number of registered unemployed was 3,103,800 at the end of…


US payrolls

Workers Of The World Unite! How The Post-Pandemic Recovery Is Increasing The Bargaining Power Of Labour

Katherine Davidson (Schroders) | More than 114 million people lost their jobs over 2020, according to the International Labor Organization. Even more saw their working hours and wages cut. It may seem counter-intuitive, but the post-pandemic recovery is seeing a shortage of labour – pushing up wages and shifting the balance of power in workers’ favour for the first time in decades.


Spanish SMEs provide jobs for 71% of social security contributors

Only 15% Of Spanish SMEs Will Create Employment In 2021

According to information gathered from nearly 1,000 SMEs throughout the country by the General Council of Economists (CGE) and the Faedpyme Foundation, with the collaboration of the Spanish Chamber of Commerce, only 15.4% of Spanish SMEs believe that they will create jobs this year, while 74.9% believe that they will maintain them and 9.6% that they will reduce them.


US labor market

More US Jobs Available Than At Any Point In The Last 20 Years. What’s Going On In The Labour Market?

Felipe Villarroel (TwentyFour AM)| The latest batch of NFP data for April showed the biggest miss we can remember in terms of jobs created (266k versus an expected 1m), and taken at face value muted wage pressures as measured by average hourly earnings (AHE). At the same time, the likes of McDonald’s and Burger King were paying people just to attend interviews as they could not fill the positions they needed to operate their restaurants properly. So is this a case of subdued demand in the labour market with companies not hiring, or subdued supply with workers for whatever reason unwilling to fill vacancies?


spain construction sector

The Construction Sector Wants To Attract 200,000 Workers On Temporary Layoffs From The Hospitality Industry

The construction sector aims to take in workers who are currently on temporary lay-offs and who work in the tourism or hotel and catering sectors in order for them to be trained in the new techniques that are already being used in construction. In contrast to the evolution of these two sectors, still heavily affected by the pandemic and with companies in difficulties that could lead these workers to permanent unemployment, the construction sector has already recovered all the employment lost since the outbreak of the health crisis and even surpassed it.


young spaniards

Young Spaniards Are Lost in Recession

Fedea has published a study analysing the evolution of the working conditions of young Spaniards over the last thirty years and documents their continuous deterioration. In each recession there is a setback in the employment situation of this group. And this does not fully recover in the subsequent expansion, causing a negative trend in the initial employment conditions of successive groups of young people.


Eurozone employment

Eurozone Loses More Than 3 M Jobs In Pandemic Year

The number of employed in the Eurozone in the fourth quarter of 2020 reached 157.9 million. This represents a loss of 3.1 million jobs compared to the same period in 2019, before the impact of the pandemic, the EU statistics office Eurostat has reported. In the European Union as a whole, the number of employed people in the fourth quarter of 2020 was 206 million, a figure 3.5 million lower than in the same quarter of 2019.


labor market reform

Can Spain Create 800,000 Jobs In Three Years?

Gemma Garcia Brosa via The Conversation | On October 7, Spanish PM Pedro Sanchez presented the government’s Plan for Recovery, Transformation and Resilience to access the resources of the European programme Next Generation EU and stated that 800,000 jobs will be created. The Spanish economy is undoubtedly capable of generating that number of jobs within three years. In fact, on average, more than 400,000 jobs have been created in Spain each year in 2014-2019. But does this target seem realistic now?


Pedro Sánchez and Charles Michel

Spain Aims To Create 800,000 Jobs In Next 3 Years; To Use €72 Bn From The European Recovery Fund

The Government has set a target of creating 800,000 jobs over the next 3 years (in the period 2021-23). To achieve this goal, it will use 72 billion euros from the European Reconstruction Fund (60 Bn in the form of non-refundable transfers and 12 Bn as loans with conditionality, out of a total of 140 billion). It is foreseen that 37% of the funds will be earmarked for green investments and 33% for digital transformation. As a result, it is estimated that these areas will contribute +2.5 pp to GDP growth.


european union flag

Spain Expects To Receive The First Tranche Of The SURE Fund Before 2021

Banca March | Pedro Sanchez’s government hopes that the European Council will approve the Commission’s proposal on the SURE fund this September, in order to access the first tranche of financing this year. Spain’s request for financing in the first tranche is valued at 21.325 billion euros and is already approved by the European Executive. This will be used to cover the expenses associated with employment until September 30th.