The National Institute of Statistics (INE) has recently incorporated data from the 2021 Population and Housing Census into the Active Population Survey (EPA) for the past three years. This update has led to a review of labor market data during this period.
One significant change is the number of employed individuals, which stood at 21,389,700 at the end of last year, representing an increase of 142,800 compared to the previous calculation. The net job creation in 2023 was revised slightly lower than initially estimated, with 749,000 new jobs created. However, despite this slight decrease in new job creation, the unemployment rate saw a slight increase from 11.76% to 11.8%, with the total number of active individuals increasing to 24,250,600 people.
Furthermore, the total number of unemployed individuals in 2023 was slightly higher compared to the previous estimate, with 2,860,800 unemployed individuals. Despite this increase in unemployment numbers
