-
Labour market
Year 2019 was characterized by a further increase in employment with a relative decrease in the number of unemployed and inactive persons. However, in cyclical terms, the employment situation worsened all along the year. In the fourth quarter of 2019, labour input in hours worked, decreased on a quarterly basis (-0.3%) and increased on a year-on-year terms (+0.3%). These dynamics are coherent with a a slowdown in the economic activity, confirmed in the last quarter by a negative cyclical change in GDP by -0.3%. On the supply side, in the fourth quarter of 2019, in cyclical terms the number of persons employed ... (full story)