Labor Market Analysis: Trends and Challenges for the Third Quarter of 2024

General Employment Overview

In the third quarter of 2024, the employment rate among the population aged 15 to 64 is 83.7%. This figure marks a slight drop of 0.5 points compared to the same period of the previous year and a reduction of 0.1 points compared to the second quarter of the year. This means that approximately 53,091 individuals are currently employed.

Breakdown by Genres

In the analysis by gender, the male employment rate remains stable compared to the previous year, with a notable increase of 0.6 points in the last quarter. In contrast, women have experienced a significant decrease of 1.1 points in annual comparison, as well as a drop of 0.8 points in relation to the last three months.

Situation of the Salaried Population

The salaried population, which includes those who receive a regular salary, is estimated at 43,468 people, representing 81.9% of those employed in the same age group. This proportion has experienced a slight growth of 0.1 points compared to the previous year and an increase of 0.6 points compared to the previous quarter.

Unemployment Rate Analysis

Currently, the unemployment rate stands at 1.7% of the active population, which is equivalent to 925 people between 15 and 74 years old who are unemployed. This data indicates an increase of 0.5 points annually and 0.3 points in a quarterly comparison. In the breakdown by gender, it can be observed that the male unemployment rate has increased by 0.6 points annually, while the female rate has grown by 0.3 points.

Inactivity Trends

The inactivity rate has shown mixed behavior, with an increase of 0.1 points annually, but a slight drop of 0.1 points in quarterly comparison. It currently stands at 14.9%, which implies that 9,426 people do not participate in the labor market. In detail by gender, men have seen a decrease of 0.6 points both annually and quarterly, while women have experienced an increase of 0.9 points annually and 0.3 points quarterly.

International Comparison

Comparing the employment data with other economies, a varied picture is observed. Spain and the European Union, with 27 member states, have experienced an improvement in the unemployment rate, with falls of 0.7 points and 0.2 points respectively. In contrast, France has registered a slight increase of 0.1 points. At a quarterly level, Spain has shown a positive behavior with a reduction of 0.1 points, while France has seen an increase of 0.6 points, and the European Union has maintained its unemployment rate unchanged.

Final Reflections

The data presented reflect an evolving labor market, with both positive and negative aspects that require attention. The variability in employment and unemployment rates by gender and region underlines the need for adaptive labor policies that foster inclusion and job stability for all sectors of society.

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