Investor Presentaiton
wwww
Supportive labor market performance in 2022 and early 2023
The
labor market continues to evolve very
favorably and maintains important year-on-year
advances in enrollment, compatible with significant
reductions in unemployment in February 2023 (-7.7%),
improving on pre-pandemic levels.
Likewise, the unemployment rate (EPA survey data,
unofficial unemployment figures) in 4Q22 at 11,5, and
well below the 2020 peak rate above the 13% mark.
With a total population of 6.825.005 (out of a national
total of 47.615.034
Registered unemployment and Social Security Affiliations
(YoY %)
20
18,1
15
10
5
-3,4
0
-1,3
-5
-4,4
-10
-15
-20
-25
-30
2019
4,7
2,7
Afiliation
Registered
unemployment
-7,7
3,9
-25,2 -23,5
dic-21
feb-22
abr-22
jun-22
ago-22
oct-22
dic-22
feb-23
2021
18,0
EPA Unemployment Rate
Community of Madrid and Spain
Source: MISSYM and MTYES
66
Activity rate
Community of Madrid and Spain
63,9
63,8
64 63,4
63,5
63
63,1
63,2
62,9
16,3 16,1 16,0
16,0
15,3
15,3
14,4
14,6
13,7
62
62
14,0
13,3 13,5
13,3
12,6
12,2
12,5 12,7 12,9
12,1 11,8
11,9
11,7 11,5
60
12,0
58,7
10,6
10,2
58,2
10,1
10,0
58
00
8,0
6,0
4,0
40
56
54
52
60,5
59,1
58,7
58,5
58,7
58,9
58,5
55,5
50
0,0
IV-19
1-20
II-20
III-21 IV-21
1-22
II-22
III-22 IV-22
1-20 11-20 III-20 IV-20
1-21
II-21 III-21 IV-21 1-22
II-22 III-22 lv-22
16
Source: EPA, INE
■C. Madrid
Source: EPA, INE
■C. Madrid
■Spain
■Spain
2,0
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