Investor Presentaiton
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 April 2023 (-5.9%),
improving on pre-pandemic levels.
The Community of Madrid recorded its best ever
number of employees in April-23, with 3,547,671
people affiliated to Social Security (+4.2% y.o.y)
Likewise, the unemployment rate (EPA survey data,
unofficial unemployment figures) in 1Q22 at 11,01, 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
EPA Unemployment Rate
Community of Madrid and Spain
Registered unemployment and Social Security Affiliations
20
18.1
15
10
4,7
5 3,4
2,7
-1,3
-5
-4.4
-10
-15
-20
-25
-25,2 -23,5
(YoY %)
Afiliation
Registered
unemployment
-30
2019 2020 2021 2022 dec-
apr-
21
22
Source: MISSYM y MTYES
66
Activity rate
Community of Madrid and Spain
nov- dec- jan-
22
22
23
63.9 63,8
64 63,4
63,5
63
63,1
63,21 63,29
62,9
62
60,5
60
59,1
58,7
58,7
58,5
58.9
58,52 58,55
4,2
18,0
16,3 16,1 16,0
16,0
15,3
15,3
14,6
14,4
13,7
60
58,7
14,0
13,3 13,5
13,3
12,6
12,2 12,1 11,8
11,9
12,0
12,5 12,7 12,87 13,26
11,7 11,51
58,2
58
11,01
10,6
10,1
10,2
10,0
56
8,0
54
6,0
52
4,0
2,0
0,0
1-20 11-20 III-20 IV-20 1-21 II-21 -21 IV-21 1-22 II-22 III-22 Iv-22 1-23
Source: EPA, INE
■C. Madrid
■Spain
55,5
50
IV-19
1-20
II-20
III-21 IV-21
1-22
II-22
III-22
IV-22 1-23
Source: EPA, INE
■C. Madrid
■ Spain
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