Recent Labor Market Reforms in Spain: A Preliminary Assessment

From a new IMF study:

“The 2012 labor market reforms are making a difference. Wage moderation is contributing to a visible recovery in headline employment growth, and the reforms have made the labor market more resilient to shocks. There is also some evidence that the contribution of temporary contracts to employment growth has started to decrease. However, the reliance on temporary workers remains strong overall and further structural reforms will be required to reduce the still very high level of long-term, structural unemployment.”

Posted by at 5:25 PM

Labels: Unemployment

Home

Subscribe to: Posts