Future is Blue
Spain’s labour market: a story of convergence towards Europe
Apr 30, 2024
Alice Faibishenko, a Senior Advisor at Funcas, discusses the evolution of Spain's labor market, highlighting its resilience against high unemployment. She explores long-term unemployment issues, especially for young graduates and less-skilled workers facing systemic barriers. Faibishenko notes the remarkable recovery post-crisis, with over a million new jobs created from 2021 to 2023. The importance of effective public policies to enhance job quality and leverage youth potential for economic growth also takes center stage.
13:54
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Spain's labor market exhibits increasing resilience and a notable decline in unemployment rates, marking a shift from historical trends during economic downturns.
- Despite improvements, challenges remain in job transitions and long-term unemployment, particularly affecting less skilled workers and youth in the workforce.
Deep dives
Evolution of the Spanish Labor Market
The recent evolution of the labor market in Spain shows significant improvement compared to historical trends, particularly in resilience during economic downturns. Traditionally, Spain has faced high unemployment rates, often well above the European average, with a significant spike during recession periods. However, recent statistics indicate a decline in job losses during the pandemic and a quicker recovery, suggesting that employment is becoming less vulnerable to economic fluctuations. For instance, while employment saw a contraction during past downturns, the current performance has been notably stronger, indicating a positive shift in labor market dynamics.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
