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Labour Market
The labour market dynamics in the first quarter of 2020 have been strongly affected by the consequences of the health emergency since the last week of February. In the first quarter of 2020, labour input in hours worked, severely decreased both on a quarterly basis (-7,5%) and on year-on-year terms (-7.7%). These dynamics reflected the exceptional fall in the economic activity due to the Covid-19 pandemic, with a negative cyclical change in Gdp by -5.3% in the last quarter. On the labour supply side, in the first quarter of 2020 the number of people in employment decreased in economic terms (-101 thousand, -0.4%), ... (full story)