CINXE.COM

<!DOCTYPE html><html lang="en" dir="ltr" prefix="content: http://purl.org/rss/1.0/modules/content/ dc: http://purl.org/dc/terms/ foaf: http://xmlns.com/foaf/0.1/ og: http://ogp.me/ns# rdfs: http://www.w3.org/2000/01/rdf-schema# schema: http://schema.org/ sioc: http://rdfs.org/sioc/ns# sioct: http://rdfs.org/sioc/types# skos: http://www.w3.org/2004/02/skos/core# xsd: http://www.w3.org/2001/XMLSchema# "><head><meta charset="utf-8" /><link rel="canonical" href="https://www.caixabankresearch.com/en/economics-markets/labour-market-demographics" /><meta name="robots" content="index, follow" /><link rel="image_src" href="https://www.caixabankresearch.com/themes/custom/cbr_theme/src/images/header_logo.jpg" /><meta property="og:site_name" content="CaixaBank Research" /><meta property="og:url" content="https://www.caixabankresearch.com/en/economics-markets/labour-market-demographics" /><meta property="og:title" content="Labour market & demographics" /><meta property="og:image:url" content="https://www.caixabankresearch.com/themes/custom/cbr_theme/src/images/header_logo.jpg" /><meta name="Generator" content="Drupal 9 (https://www.drupal.org)" /><meta name="MobileOptimized" content="width" /><meta name="HandheldFriendly" content="true" /><meta name="viewport" content="width=device-width, initial-scale=1.0" /><link rel="icon" href="/themes/custom/caixabank/favicon.ico" type="image/vnd.microsoft.icon" /><link rel="alternate" hreflang="ca" href="https://www.caixabankresearch.com/ca/economics-markets/mercat-laboral-i-demografia" /><link rel="alternate" hreflang="es" href="https://www.caixabankresearch.com/es/economics-markets/mercado-laboral-y-demografia" /><link rel="alternate" hreflang="en" href="https://www.caixabankresearch.com/en/economics-markets/labour-market-demographics" /><script src="/sites/default/files/google_tag/google_tag_manager_prod/google_tag.script.js?snnqgu" defer></script><title>Labour market & demographics | CaixaBank Research</title><link rel="dns-prefetch" href="//www.googletagmanager.com/" ><link href="https://www.googletagmanager.com/gtm.js?id=GTM-WJ23CKP" rel="preload" as="script"><link rel="stylesheet" media="all" href="/sites/default/files/css/css_cqGD0SNoF-ry-cl7oS5g4A4S4x3SvZpMrCXL-Y1Zdrw.css" /><link rel="stylesheet" media="all" href="/sites/default/files/css/css_4jJSIIn4mGTtpyang-EYQXEuaznom8gHEP5XlkrJbHY.css" /></head><body class="role-anonymous path-taxonomy term-12"> <a href="#main-content" class="visually-hidden focusable"> Skip to main content </a> <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-WJ23CKP" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript><div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas><div id="side-navigation"><div class="sidebar_navigation"><div class="container"><div class="sidebar-wrapper"> <nav role="navigation" aria-labelledby="block-caixabank-navegacionprincipal-sidebar-menu" id="block-caixabank-navegacionprincipal-sidebar"><h2 class="visually-hidden" id="block-caixabank-navegacionprincipal-sidebar-menu">Navegación principal</h2><ul class="menu menu-level-0"><li class="menu-item"> <a href="/en" data-drupal-link-system-path="<front>">Home</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"></div></li><li class="menu-item menu-item--expanded menu-item--active-trail"> <a href="/en/economics-markets" data-drupal-link-system-path="taxonomy/term/3">Economics & Markets</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/indicators-and-forecasts" data-drupal-link-system-path="taxonomy/term/42">Indicators and forecasts</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/recent-developments" data-drupal-link-system-path="taxonomy/term/21">Recent developments</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/activity-growth" data-drupal-link-system-path="taxonomy/term/993">Activity & growth</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/inflation" data-drupal-link-system-path="taxonomy/term/11">Inflation</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/commodities" data-drupal-link-system-path="taxonomy/term/6">Commodities</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item menu-item--active-trail"> <a href="/en/economics-markets/labour-market-demographics" data-drupal-link-system-path="taxonomy/term/12" class="is-active">Labour market & demographics</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/financial-markets" data-drupal-link-system-path="taxonomy/term/4">Financial markets</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/monetary-policy" data-drupal-link-system-path="taxonomy/term/5">Monetary policy</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/public-sector" data-drupal-link-system-path="taxonomy/term/14">Public sector</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets" data-drupal-link-system-path="taxonomy/term/3">View all about Economics & Markets</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></li><li class="menu-item menu-item--expanded"> <a href="/en/sectoral-analysis" data-drupal-link-system-path="taxonomy/term/15">Sectoral analysis</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/sectoral-analysis/agrifood" data-drupal-link-system-path="taxonomy/term/16">Agrifood</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/banking" data-drupal-link-system-path="taxonomy/term/17">Banking</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/retail" data-drupal-link-system-path="taxonomy/term/1073">Retail</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/consumption" data-drupal-link-system-path="taxonomy/term/1075">Consumption</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/digitalisation" data-drupal-link-system-path="taxonomy/term/1079">Digitalisation</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/industry" data-drupal-link-system-path="taxonomy/term/1074">Industry</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/real-estate" data-drupal-link-system-path="taxonomy/term/19">Real Estate</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/tourism" data-drupal-link-system-path="taxonomy/term/20">Tourism</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis" data-drupal-link-system-path="taxonomy/term/15">View all about Sectoral analysis</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></li><li class="menu-item menu-item--expanded"> <a href="/en/geographical-areas" data-drupal-link-system-path="taxonomy/term/211">Geographical areas</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/areas-geograficas/spain" data-drupal-link-system-path="taxonomy/term/212">Spain</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/areas-geograficas/portugal" data-drupal-link-system-path="taxonomy/term/213">Portugal</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/areas-geograficas/international" data-drupal-link-system-path="taxonomy/term/792">International</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/geographical-areas" data-drupal-link-system-path="taxonomy/term/211">View all about Geographical areas</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></li><li class="menu-item menu-item--expanded"> <a href="/en/publications" data-drupal-link-system-path="taxonomy/term/43">Publications</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/publicaciones/monthly-report" data-drupal-link-system-path="taxonomy/term/48">Monthly Report</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/pulso-economico-semanal" data-drupal-link-system-path="taxonomy/term/52">Pulso Económico Semanal</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/financial-markets-daily-report" data-drupal-link-system-path="taxonomy/term/47">Financial Markets Daily Report</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/notas-breves-actualidad-economica-y-financiera" data-drupal-link-system-path="taxonomy/term/51">Notas Breves de Actualidad Económica y Financiera</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/monitor-consumo" data-drupal-link-system-path="taxonomy/term/1044">Monitor de consumo</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications/sectoral-reports" data-drupal-link-system-path="taxonomy/term/50">Sectoral Reports</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications/spains-macroeconomic-financial-outlook" data-drupal-link-system-path="node/2616">Spain's Macroeconomic & Financial Outlook</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/autonomous-community-profiles" data-drupal-link-system-path="taxonomy/term/1086">Autonomous Community Profiles</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications/portugals-macroeconomic-financial-outlook" data-drupal-link-system-path="node/2617">Portugal's Macroeconomic & Financial Outlook</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/country-outlook" data-drupal-link-system-path="taxonomy/term/46">Country Outlook</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/flash-divisas" data-drupal-link-system-path="taxonomy/term/1166">Flash Divisas</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/podcasts" data-drupal-link-system-path="taxonomy/term/62">Pódcast Economía Exprés</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/videos" data-drupal-link-system-path="taxonomy/term/61">Videos</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/working-papers" data-drupal-link-system-path="taxonomy/term/53">Working Papers</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/hemeroteca/academic-articles" data-drupal-link-system-path="taxonomy/term/58">Academic articles</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economist-conferences" data-drupal-link-system-path="taxonomy/term/73">Conferences</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/archives" data-drupal-link-system-path="taxonomy/term/49">Archives</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications" data-drupal-link-system-path="taxonomy/term/43">View all about Publications</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></li><li class="menu-item"> <a href="https://realtimeeconomics.caixabankresearch.com/#/home?lang=ENG" target="_blank">Real-Time Economics</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"></div></li></ul> </nav><div class="language-switcher-language-url block block--fancy language_block:language_interface block-caixabank-alternadordeidioma" id="block-caixabank-alternadordeidioma" role="navigation"><ul class="links"><li hreflang="es" data-drupal-link-system-path="taxonomy/term/12"><a href="/es/economics-markets/mercado-laboral-y-demografia" class="language-link" hreflang="es" data-drupal-link-system-path="taxonomy/term/12">CAS</a></li><li hreflang="ca" data-drupal-link-system-path="taxonomy/term/12"><a href="/ca/economics-markets/mercat-laboral-i-demografia" class="language-link" hreflang="ca" data-drupal-link-system-path="taxonomy/term/12">CAT</a></li><li hreflang="en" data-drupal-link-system-path="taxonomy/term/12" class="is-active"><a href="/en/economics-markets/labour-market-demographics" class="language-link is-active" hreflang="en" data-drupal-link-system-path="taxonomy/term/12">ENG</a></li></ul></div> <a href="/en/user/login" class="btn-bottom-mobile">Login</a></div></div></div></div><header role="banner"><div class="header"><div class="container"><div class="header-wrapper"><div class="social-top twitter-link"><a title="Header Twitter Link" target="_blank" href="https://twitter.com/CABK_Research"> <svg version="1.1" id="Layer_1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" width="22.328px" height="18.146px" viewBox="0 0 22.328 18.146" enable-background="new 0 0 22.328 18.146" xml:space="preserve"> <path fill="#FFFFFF" d="M22.328,2.148c-0.82,0.365-1.703,0.611-2.631,0.721c0.946-0.566,1.672-1.464,2.014-2.534 c-0.885,0.525-1.864,0.906-2.908,1.112C17.966,0.557,16.776,0,15.458,0c-2.529,0-4.581,2.052-4.581,4.581 c0,0.359,0.041,0.708,0.119,1.044C7.19,5.435,3.814,3.61,1.555,0.838c-0.394,0.678-0.62,1.465-0.62,2.305 c0,1.589,0.808,2.991,2.037,3.812c-0.75-0.023-1.457-0.229-2.074-0.572C0.897,6.4,0.897,6.419,0.897,6.439 c0,2.219,1.579,4.071,3.675,4.492c-0.384,0.104-0.789,0.16-1.207,0.16c-0.295,0-0.582-0.028-0.862-0.082 c0.583,1.819,2.275,3.144,4.279,3.181c-1.568,1.229-3.543,1.961-5.689,1.961c-0.37,0-0.734-0.022-1.093-0.064 c2.028,1.301,4.436,2.06,7.022,2.06c8.426,0,13.033-6.981,13.033-13.034c0-0.198-0.005-0.396-0.013-0.593 C20.937,3.874,21.714,3.066,22.328,2.148"/> </svg> </a></div><div class="social-top spotify-link"><a title="Header Spotify Link" target="_blank" href="https://open.spotify.com/show/2Fe9ugalc3XYJjRKiInYNQ?go=1&sp_cid=f43ad2b90a329108a9629db7693b3d42&nd=1"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 496 512"> <path fill="#fff" d="M248 8C111.1 8 0 119.1 0 256s111.1 248 248 248 248-111.1 248-248S384.9 8 248 8Z"/> <path fill="#197EAE" d="M406.6 231.1c-5.2 0-8.4-1.3-12.9-3.9-71.2-42.5-198.5-52.7-280.9-29.7-3.6 1-8.1 2.6-12.9 2.6-13.2 0-23.3-10.3-23.3-23.6 0-13.6 8.4-21.3 17.4-23.9 35.2-10.3 74.6-15.2 117.5-15.2 73 0 149.5 15.2 205.4 47.8 7.8 4.5 12.9 10.7 12.9 22.6 0 13.6-11 23.3-23.2 23.3zm-31 76.2c-5.2 0-8.7-2.3-12.3-4.2-62.5-37-155.7-51.9-238.6-29.4-4.8 1.3-7.4 2.6-11.9 2.6-10.7 0-19.4-8.7-19.4-19.4s5.2-17.8 15.5-20.7c27.8-7.8 56.2-13.6 97.8-13.6 64.9 0 127.6 16.1 177 45.5 8.1 4.8 11.3 11 11.3 19.7-.1 10.8-8.5 19.5-19.4 19.5zm-26.9 65.6c-4.2 0-6.8-1.3-10.7-3.6-62.4-37.6-135-39.2-206.7-24.5-3.9 1-9 2.6-11.9 2.6-9.7 0-15.8-7.7-15.8-15.8 0-10.3 6.1-15.2 13.6-16.8 81.9-18.1 165.6-16.5 237 26.2 6.1 3.9 9.7 7.4 9.7 16.5s-7.1 15.4-15.2 15.4z"/> </svg> </a></div><div class="language-switcher-language-url block block--fancy language_block:language_interface block-caixabank-languageswitcher" id="block-caixabank-languageswitcher" role="navigation"><ul class="links"><li hreflang="es" data-drupal-link-system-path="taxonomy/term/12"><a href="/es/economics-markets/mercado-laboral-y-demografia" class="language-link" hreflang="es" data-drupal-link-system-path="taxonomy/term/12">CAS</a></li><li hreflang="ca" data-drupal-link-system-path="taxonomy/term/12"><a href="/ca/economics-markets/mercat-laboral-i-demografia" class="language-link" hreflang="ca" data-drupal-link-system-path="taxonomy/term/12">CAT</a></li><li hreflang="en" data-drupal-link-system-path="taxonomy/term/12" class="is-active"><a href="/en/economics-markets/labour-market-demographics" class="language-link is-active" hreflang="en" data-drupal-link-system-path="taxonomy/term/12">ENG</a></li></ul></div><div id="block-caixabank-menuuserarea" class="block block--fancy user_area_menu block-caixabank-menuuserarea"><ul class="menu"><li><a href="/en/user/login" class="button-newsletter">Newsletters</a></li></ul></div></div></div></div><div class="main_navigation"><div class="container mb-no-padding"><div class="secondary-switcher"><div class="menu-mobile"> <span class="bar top"></span> <span class="bar middle"></span> <span class="bar bottom"></span></div></div><div id="block-caixabank-buscador" class="block block--fancy webform_block block-buscador"><div id="block-close" class="block-close"></div><form class="webform-submission-form webform-submission-add-form webform-submission-buscador-form webform-submission-buscador-add-form webform-submission-buscador-taxonomy_term-12-form webform-submission-buscador-taxonomy_term-12-add-form webform-submission-buscador-taxonomy-term-12-add-form js-webform-details-toggle webform-details-toggle" data-drupal-selector="webform-submission-buscador-taxonomy-term-12-add-form" action="/search" method="get" id="webform-submission-buscador-taxonomy-term-12-add-form" accept-charset="UTF-8"><div class="js-form-item form-item js-form-type-search form-item-buscar js-form-item-buscar form-no-label"> <label for="edit-buscar" class="visually-hidden">Buscar</label> <input autocomplete="off" data-drupal-selector="edit-buscar" type="search" id="edit-buscar" name="buscar" value="" size="60" maxlength="128" placeholder="Do your search" class="form-search" /></div><div class="form-actions"> <input class="webform-button--submit button button--primary js-form-submit form-submit" data-drupal-selector="edit-submit" type="submit" id="edit-submit" value="Submit" /></div><a href="/en" class="button cancel" data-drupal-selector="edit-cancel" id="edit-cancel">Cancel</a> <a id="linkAZ" href="/en/tags-a-z">Tags A - Z</a></form></div><div id="block-caixabank-cookiesui" class="block block--fancy cookies_ui_block block-caixabank-cookiesui"><div id="cookiesjsr" style="display: none"></div></div><div id="block-caixabank-logo" class="block block--fancy block_content:97f26e2c-ed87-4777-b925-3e96621f203f block-caixabank-logo" style="transform:translate(-7px,4px); flex-basis: auto; text-align: center; margin: 0; padding-top: 10px;"> <a href="https://www.caixabankresearch.com/en" title="CaixaBank Research logo"><svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" id="Capa_2" x="0px" y="0px" viewBox="0 0 469.7 126" style="enable-background:new 0 0 469.7 126;" xml:space="preserve"> <g> <path class="ctlogo0" d="M35.3,52.9c1,0.7,0.9,2,1.8,2.7l0.4,3l-2.2,3.2c-2.8,1.5-6.9,2.1-9.5-0.2c-1.5-1.3-1.9-3.2-1.5-5.1l1-2.8 c0.6-0.4,1.4-0.5,1.8-1.2c1.4-0.9,3.1-0.7,4.7-1C33,51.9,34.8,51.2,35.3,52.9"></path> <path class="ctlogo1" d="M28.1,70.7c0.9,0,1.5,0.6,2.3,0.5c1.2,0.4,1,1.9,2.2,2.2c0.9,1.9,1.5,3.9,2,5.9c-0.3,1.2,0.6,1.9,0.3,2.9 l0.3,0.2c0,1.1-0.1,2.4-0.5,3.5c0.2,2-0.8,3.8-1.7,5.5c-0.6,0.4-0.9,1.5-1.8,1.3c-1.6,0.5-1.7,2.8-3.6,2.6 c-1.2,0.9-2.9,0.4-4.3,0.4c-0.8-0.4-2-0.3-2.6-1.1c-1.5-0.6-2.8-1.7-4.1-2.7c-0.5-1.1-1.6-1.6-1.8-2.8c0.4-1.5-0.5-2.8-0.1-4.3 l-0.3-2.4l0.9-4.2c1.6-0.8,1.1-2.7,2.7-3.3c1-2.2,3.3-2.7,5.1-3.9c0.7-0.1,1.5,0.2,2.1-0.4C26.3,70.4,27.2,71.5,28.1,70.7"></path> <path class="ctlogo2" d="M107.8,5.6c-0.4,6.9-6.1,11.5-9,17.3c-1.3,3.5-4.3,5.5-6.5,8.6c-2,2-3.9,4.2-5.5,6.5c0.3,1.6,2,2.1,3,3.2 c2.2,1.3,2.4,3.8,4.3,5.3c1.1,0,1.1,1.7,2.3,1.5c2.6,2.8,4.7,5.7,6.8,8.7c0.3,1.1,0.9,2.1,1.8,2.9c1.7,2.5,3.1,5.1,4.9,7.7 c0.2,2.8,2.6,4.7,3.4,7.4c1.1,1.4,1.5,3.1,2.5,4.5c1.5,3.3,2.5,6.8,4.3,10c0.3,0.7-0.1,1.5-0.5,2c-0.7,0.5-1.2-0.4-2-0.3 c-4-1.5-7.8-3.6-11.5-5.8c-3.8-3.1-8-5.3-11.8-8.5c-1.5-0.4-2.1-2.1-3.4-2.8c-3.6-2.3-6.5-5.5-10.2-7.6c-1.7-1.3-3.3-2.5-5-3.8 c-1.3-0.1-1.7-1.6-2.9-2.1c-2.7-1.7-5.2-4-8-5.5c-0.2,0.4,0,1-0.2,1.4c-1.9,1.8-1.4,4.6-2.7,6.6c0,2.9-2.1,5-2.9,7.5 c-2.3,4.1-4.3,8.3-6.7,12.4c-3.2,4.2-4.9,9.3-9.4,12.7c-1,1.2-2.1,1.9-3.3,2.6c-0.5-0.2-1.3-0.1-1.5-0.7c-0.5-1,0.1-2.6-0.6-3.5 c0.6-1.4,0.2-3,0.5-4.6L38,88.5c0-2.1,1.1-4,0.7-6.2c0.6-1.4,0.8-2.9,1-4.4c0.7-1.9,1.3-3.9,1.5-5.9c0.6-1.2,0.9-2.7,0.7-4.1 c0.5-1.3,0.6-2.8,1.9-3.7c0.2-0.8,0-1.7,0.1-2.5c1.3-4,2.9-7.9,4-12c0-0.3-0.3-0.4-0.5-0.4c-2.9-0.1-5.6,0.4-8.3-0.3 c-4.4-0.1-8.8-0.6-13-1.5c-1.7-0.3-3.8-0.1-5.3-1.1c-1,0-2.2,0.2-3.2-0.3c-2-1-4.4-0.8-6.4-1.9c-1.5,0.2-2.6-0.8-4-0.9 c-1.3,0.1-2.1-1-3-1.8v-0.4c2.4-3.3,6.4-4.2,9.9-5.5c3.5-1.1,7.3-1.2,10.9-1.9c2.3-0.4,4.8,0.2,7.1-0.1c4.2,0.1,8.2,0.8,12.3,0.9 c1.4,0.2,2.6,0.8,4,0.8l0-0.6l-3.9-5.3c-1.5-3.4-4.1-6.3-5.1-9.9c-0.9-1.1-0.1-2.7-0.7-3.9c0-0.5,0.4-0.9,0.6-1.4 c0.8-0.3,1.8,0.2,2.6-0.3c2.5,0.6,4.8,1.5,7.3,2c2.6,1,5.2,2.1,7.5,3.8c2.9,2,6.4,3.4,8.6,6.5c0.6,0.5,1.5,0.6,2.3,0.4 c0.7-0.1,0.8-0.9,1.5-1.2c3-1.9,6.4-3,9.4-5.1c1.2-1.2,3.2-1.4,3.9-3c0.9-0.4,1.8-1,2.7-1.3c1.7-1.2,3.4-2.5,5.3-3.5 c1-0.1,1.8-0.6,2.5-1.2c3-1.7,6.2-3,9.1-4.9c0.6-1.7,2.5-1.3,3.9-1.7C106.5,4.8,107.5,4.7,107.8,5.6"></path> <rect x="142.4" y="85.2" class="ctlogo3" width="323.1" height="1.3"></rect> <rect x="142.4" y="86.4" class="ctlogo3" width="323.1" height="1.3"></rect> <path class="ctlogo3" d="M366.5,47.1c2-2.9,3.9-4.1,7.7-4.1c5.3,0,5.6,4.7,5.6,8.9c-1.1,0-2.4-0.2-3.7-0.2c-7.1,0-15,3.2-15,11.5 c0,5.8,5.2,9.1,10.6,9.1c3.4,0,5.9-1.9,8.6-3.8c0.9,2,3.3,3.4,6.2,3.8l5.9-4.7l-1.2-1.2c-0.5,0.2-1.3,0.3-1.6,0.3 c-1.7,0-2.3-1-2.3-4.6v-2.7c0.1-4.5,0.3-8.5,0.3-11.3c0-7.8-5.9-9.7-12.9-9.7c-3.7,0-6.8,0.5-10.1,1.4v7.4H366.5z M380.1,66.2 c-1.3,0.8-2.8,1.3-5.2,1.3c-3.3,0-6.1-2.7-6.1-6.3c0-5,3.8-6.9,7.4-6.9c1.4,0,2.9,0.2,3.7,0.4L380.1,66.2z"></path> <path class="ctlogo3" d="M192.7,27.3h-3.4c-2.5-7.5-10.3-10.5-17.2-10.5c-13.9,0-19.7,11.2-19.7,24.7c0,22.6,16.4,26.5,23,26.5 c6.5,0,12.4-2.8,15.9-8.4l2.5,1l-2.5,8.9c-6.4,1.2-10.4,1.8-15.6,1.8c-23.9,0-34.4-14.8-34.4-29.2c0-16.5,12.7-28.7,30.7-28.7 c10.4,0,14.4,1.8,20.1,3.2L192.7,27.3z"></path> <path class="ctlogo3" d="M217.1,54.7c-0.9-0.2-2.4-0.4-3.8-0.4c-3.6,0-7.4,1.9-7.4,6.9c0,3.6,2.8,6.3,6.1,6.3c2.4,0,4-0.5,5.3-1.3 L217.1,54.7z M201.8,47.1v-7.4c3.3-0.9,6.4-1.4,10.1-1.4c7,0,12.9,1.9,12.9,9.7c0,2.8-0.2,6.9-0.3,11.4V62c0,3.6,0.6,4.6,2.4,4.6 c0.4,0,1.1-0.1,1.6-0.3l1.2,1.2l-5.9,4.7c-3-0.4-5.3-1.9-6.3-3.8c-2.7,2-5.2,3.8-8.6,3.8c-5.3,0-10.6-3.3-10.6-9.1 c0-8.3,7.9-11.5,15-11.5c1.3,0,2.6,0.2,3.7,0.2c0-4.2-0.3-8.9-5.6-8.9c-3.8,0-5.8,1.3-7.8,4.2H201.8z"></path> <path class="ctlogo3" d="M238.6,25.1c2.3,0,4.3,1.6,4.3,4c0,2.3-2,4-4.3,4c-2.3,0-4.3-1.6-4.3-4C234.3,26.7,236.3,25.1,238.6,25.1 M242.5,38.3c0,3.3,0.3,10.2,0.3,16.6v11.4c0,2.7,1.2,3.1,3.1,3.5v1.6c-2.4,0-4.7-0.2-7-0.2c-2.1,0-4.2,0.2-6.3,0.2v-1.6 c1.9-0.5,2.7-0.9,2.7-3.5v-9.7c0-5.6-0.5-8.8-1.1-10.4c-0.6-1.6-1.4-2.1-3.3-2.4v-1.6c3.6-0.9,7.8-2.3,10.1-3.9H242.5z"></path> <path class="ctlogo3" d="M249.7,69.9c2.5-0.4,4.2-2.3,5.2-3.7l7.6-9.7l-9-12.2c-1.5-2-2-2.5-4.3-3.5v-1.6c2.3,0.1,4.8,0.2,7.1,0.2 c2.3,0,4.7-0.2,7-0.2v1.6c-0.9,0.5-1.6,0.6-1.6,1.8c0,0.5,0.2,1.6,0.9,2.5l4.3,5.9l3.8-5.1c0.8-1.1,1.2-2,1.2-2.6 c0-1.5-0.9-2-2.2-2.5v-1.6c2.1,0.1,4.1,0.2,6.3,0.2c2,0,4.2-0.2,6.2-0.2v1.6c-3.1,0.7-4.7,2.6-6.4,4.8l-6.7,8.5l8.5,11.8 c1.2,1.6,3,3.5,4.9,4.1v1.6c-2.3-0.1-4.6-0.2-7-0.2c-2.4,0-4.6,0.2-7,0.2v-1.6c0.9-0.1,1.6-0.9,1.6-1.7c0-0.5-0.6-1.7-1.3-2.7 l-4.2-6l-4.2,5.7c-0.5,0.7-1.1,2.2-1.1,2.9c0,1.2,0.6,1.6,1.6,1.8v1.6c-2-0.1-4.2-0.2-6.2-0.2c-1.7,0-3.4,0.2-5.1,0.2V69.9z"></path> <path class="ctlogo3" d="M303.4,54.7c-0.9-0.2-2.4-0.4-3.8-0.4c-3.6,0-7.4,1.9-7.4,6.9c0,3.6,2.8,6.3,6.1,6.3c2.4,0,4-0.5,5.2-1.3 L303.4,54.7z M288.1,47.1v-7.4c3.3-0.9,6.4-1.4,10.1-1.4c7,0,12.9,1.9,12.9,9.7c0,2.8-0.2,6.9-0.3,11.4V62c0,3.6,0.6,4.6,2.3,4.6 c0.4,0,1.1-0.1,1.7-0.3l1.2,1.2l-5.9,4.7c-3-0.4-5.3-1.9-6.3-3.8c-2.7,2-5.2,3.8-8.6,3.8c-5.3,0-10.6-3.3-10.6-9.1 c0-8.3,7.9-11.5,15-11.5c1.3,0,2.6,0.2,3.7,0.2c0-4.2-0.3-8.9-5.6-8.9c-3.8,0-5.8,1.3-7.8,4.2H288.1z"></path> <path class="ctlogo3" d="M331.3,45.4c1.6,0,2.9-0.1,4.2-0.1c7.5,0,11.9,5.3,11.9,12.4c0,6-4,10.9-10.7,10.9c-4.9,0-5.4-0.8-5.4-5V45.4z M322.9,64.8c0,3.4-1,4.5-4.5,4.9v1.4h13.5c1.1,0,2.2,0.1,3.2,0.2c1.1,0.1,2.2,0.2,3.2,0.2c8.5,0,18.6-3.3,18.6-13.4 c0-8.1-4.9-12.3-12.3-14.3v-0.2c5.9-1.9,11.3-6.2,11.3-12.8c0-10.2-10.5-13.9-19.2-13.9c-1.9,0-3.7,0.3-7.2,0.3 c-3.1,0-6.3-0.3-10.2-0.3v1.7c2.1,0.3,3.4,1,3.4,4c0,7,0.2,17,0.2,26.3V64.8z M331.7,21.2c0-1.5,0.9-1.6,3.1-1.6 c8.4,0,11.7,4.5,11.7,11.4c0,6.8-4.7,11.1-11.7,11.1c-1,0-2.1-0.1-3.5-0.2L331.7,21.2z"></path> <path class="ctlogo3" d="M393.8,43.7c2.3,0,3.4,1.3,3.4,3.6c0,2.5,0.4,6.7,0.4,11.3v7.7c0,2.7-0.9,3-2.9,3.7v1.6c2.2,0,4.5-0.2,6.6-0.2 c2.3,0,4.5,0.2,6.7,0.2v-1.6c-2.1-0.2-2.9-0.9-2.9-3.7v-6.4c0-6.1,0.2-10.5,0.2-13.4c0-2.9,5-3.7,6.6-3.7c5.6,0,6.4,5.8,6.4,10 v13.5c0,2.7-0.6,3.2-2.8,3.7v1.6c2.5,0,4.9-0.2,7.4-0.2c2,0,3.8,0.2,5.8,0.2v-1.6c-2.2-0.6-2.8-1.2-2.8-3.7V49.6 c0-6.6-3-11.3-10.8-11.3c-3.3,0-6.8,2-9.5,3.8c0.1-1.3,0.1-2.6,0.2-3.9h-1.6c-3,1.9-5.8,3-10.4,3.9V43.7z"></path> <path class="ctlogo3" d="M465.5,69.8c-2.3-0.7-5.2-3.2-6.2-4.4l-11.8-13.8l6-6.3c1.9-2,4.5-3.7,7.3-4.5v-1.6c-2,0.2-3.9,0.2-5.9,0.2 c-2.1,0-4.3-0.1-6.4-0.2v1.6c0.7,0.3,1.4,1.3,1.4,2c0,0.9-0.4,2-2,3.7l-6.4,6.3V15.9h-1.7c-2.8,2.1-6.5,3.7-10.4,4.8v1.8 c2,0,3.7,1.9,3.9,5.1c0.2,3,0.6,8.8,0.6,13.4v25.3c0,1.7-0.6,3.1-3,3.5v1.6c2.1-0.2,4.1-0.2,6.3-0.2c2.3,0,4.6,0.2,7,0.2v-1.6 c-1.9-0.4-2.7-1.3-2.7-3.7V55.4h0.2l8.1,8.8c1.3,1.5,2.3,3.3,2.3,4.1c0,0.8-0.5,1.4-1.2,1.4v1.6c2.7,0,5.3-0.2,8-0.2 c2.3,0,4.5,0.2,6.8,0.2V69.8z"></path> <rect x="142.4" y="86.4" class="ctlogo3" width="323.1" height="1.3"></rect> <path class="ctlogo3" d="M351.9,120.9h5.3l1.5-7c0.1-0.6,0.3-1.1,0.5-1.6c0.2-0.5,0.5-1,0.8-1.3c0.3-0.4,0.7-0.7,1.1-0.9 c0.4-0.2,0.9-0.3,1.5-0.3c0.7,0,1.2,0.2,1.6,0.5c0.3,0.4,0.5,0.8,0.5,1.2c0,0.4,0,0.8-0.1,1.2c-0.1,0.4-0.2,0.8-0.2,1.2l-1.5,7.1 h5.4l1.4-7.1c0.1-0.4,0.1-0.8,0.2-1c0.1-0.3,0.1-0.5,0.1-0.8c0-0.2,0-0.5,0.1-0.7c0-0.2,0-0.4,0-0.7c0-0.7-0.1-1.4-0.3-2.1 c-0.2-0.6-0.5-1.2-0.9-1.7c-0.4-0.5-0.9-0.8-1.5-1.1c-0.6-0.3-1.3-0.4-2-0.4c-1.2,0-2.3,0.3-3.2,0.7c-0.9,0.5-1.6,1.1-2.1,1.8H360 l1.9-8.9h-5.3L351.9,120.9z M350.5,116.8c-0.6,0.2-1.1,0.4-1.6,0.5c-0.5,0.1-1.1,0.2-1.8,0.2c-0.6,0-1.1-0.1-1.5-0.3 c-0.4-0.2-0.8-0.4-1.1-0.7c-0.3-0.3-0.6-0.7-0.7-1.1s-0.2-0.8-0.2-1.3c0-1.6,0.4-2.8,1.3-3.6c0.9-0.8,2-1.3,3.4-1.3 c0.6,0,1.2,0.1,1.7,0.2c0.6,0.1,1.1,0.3,1.7,0.6l1.1-3.7c-0.8-0.3-1.6-0.6-2.5-0.8c-0.9-0.2-1.7-0.3-2.3-0.3c-1.5,0-2.8,0.2-4,0.7 c-1.2,0.5-2.2,1.1-3.1,1.9c-0.9,0.8-1.5,1.8-2,2.9c-0.5,1.1-0.7,2.3-0.7,3.5c0,1,0.2,1.9,0.5,2.7c0.3,0.8,0.8,1.6,1.4,2.2 c0.6,0.6,1.4,1.1,2.3,1.5c0.9,0.4,1.9,0.6,3,0.6c1,0,1.9-0.1,2.6-0.2c0.7-0.1,1.3-0.2,1.9-0.4L350.5,116.8z M327.9,105.7 c-0.1,0.7-0.2,1.4-0.3,2c-0.1,0.7-0.2,1.3-0.4,2l-2.4,11.3h5.3l1.5-7c0.1-0.6,0.3-1.1,0.5-1.6c0.2-0.5,0.5-1,0.8-1.3 c0.3-0.4,0.7-0.7,1.1-0.9c0.4-0.2,0.9-0.3,1.5-0.3c0.5,0,1,0,1.3,0.1c0.4,0.1,0.8,0.3,1.1,0.5l1.2-4.7c-0.3-0.2-0.7-0.3-1.1-0.3 c-0.4,0-0.8-0.1-1.1-0.1c-0.5,0-1.1,0.1-1.5,0.3c-0.5,0.2-0.9,0.5-1.3,0.8c-0.4,0.3-0.8,0.7-1.1,1.1c-0.3,0.4-0.6,0.9-0.8,1.3h-0.1 l0.6-3.1H327.9z M317.3,120.9h4.3c0.1-1.1,0.3-2.2,0.5-3.2c0.2-1,0.4-1.9,0.6-2.8c0.2-0.9,0.4-1.7,0.5-2.4c0.1-0.7,0.2-1.4,0.2-2 c0-0.9-0.2-1.7-0.5-2.4c-0.4-0.7-0.8-1.2-1.4-1.6c-0.6-0.4-1.3-0.7-2.1-0.9c-0.8-0.2-1.7-0.3-2.6-0.3c-1.2,0-2.2,0.1-3.1,0.2 c-0.9,0.2-1.7,0.4-2.5,0.6l-0.5,3.8c0.9-0.4,1.7-0.8,2.4-0.9c0.7-0.2,1.6-0.3,2.5-0.3c0.9,0,1.6,0.2,2.1,0.6 c0.5,0.4,0.7,0.8,0.7,1.4v0.3c0,0.1,0,0.2-0.1,0.3c-0.4,0-0.8-0.1-1.3-0.1c-0.5,0-1,0-1.5,0c-1.2,0-2.3,0.1-3.3,0.4 c-1,0.2-1.9,0.6-2.7,1c-0.8,0.5-1.4,1-1.8,1.7c-0.4,0.7-0.7,1.5-0.7,2.5c0,1.5,0.4,2.6,1.3,3.3c0.9,0.7,2.1,1.1,3.8,1.1 c1,0,2-0.2,2.9-0.6c0.9-0.4,1.6-1,2.2-1.9v-0.1l0.1,0.1L317.3,120.9z M313.4,114.6c0.8-0.4,1.9-0.6,3.1-0.5c0.2,0,0.4,0,0.7,0 c0.3,0,0.5,0,0.7,0.1c-0.2,1-0.6,1.9-1.3,2.6c-0.7,0.7-1.6,1-2.7,1c-0.6,0-1-0.2-1.3-0.5c-0.3-0.3-0.5-0.7-0.5-1 C312.2,115.6,312.6,115,313.4,114.6 M303.6,116.7c-0.7,0.4-1.5,0.6-2.4,0.8c-0.9,0.2-1.7,0.3-2.4,0.3c-0.8,0-1.5-0.1-2-0.2 c-0.5-0.1-0.9-0.3-1.2-0.6c-0.3-0.3-0.5-0.6-0.6-0.9c-0.1-0.4-0.2-0.7-0.2-1.2h10.8c0.1-0.2,0.1-0.5,0.1-0.7c0-0.3,0.1-0.5,0.1-0.8 c0-0.3,0.1-0.5,0.1-0.7c0-0.2,0-0.4,0-0.6c0-1.1-0.2-2.1-0.5-3c-0.4-0.8-0.8-1.5-1.5-2.1c-0.6-0.5-1.4-0.9-2.2-1.2 c-0.9-0.3-1.8-0.4-2.8-0.4c-1.7,0-3.1,0.3-4.3,0.9c-1.2,0.6-2.1,1.4-2.8,2.3c-0.7,0.9-1.2,1.9-1.6,2.9c-0.3,1.1-0.5,2-0.5,2.9 c0,1,0.2,1.9,0.5,2.7c0.3,0.8,0.8,1.6,1.5,2.2c0.7,0.6,1.5,1.1,2.5,1.5c1,0.4,2.1,0.6,3.4,0.6c0.8,0,1.6-0.1,2.5-0.2 c0.9-0.1,1.9-0.4,2.8-0.6L303.6,116.7z M295.1,111.9c0.1-0.4,0.2-0.7,0.5-1.1c0.2-0.4,0.5-0.7,0.8-1c0.3-0.3,0.7-0.5,1.1-0.7 c0.4-0.2,0.9-0.3,1.5-0.3c0.5,0,0.9,0.1,1.2,0.2c0.3,0.2,0.6,0.4,0.8,0.7c0.2,0.3,0.3,0.6,0.4,1c0.1,0.4,0.1,0.7,0.1,1.2H295.1z M274.1,120.5c0.8,0.2,1.8,0.4,2.9,0.6c1.1,0.2,2.3,0.2,3.5,0.2c1,0,1.9-0.2,2.8-0.4c0.9-0.2,1.6-0.6,2.3-1.1 c0.6-0.5,1.2-1.1,1.5-1.8c0.4-0.7,0.6-1.5,0.6-2.5c0-0.6-0.2-1.2-0.5-1.6c-0.3-0.4-0.7-0.8-1.2-1.1c-0.5-0.3-1-0.6-1.6-0.8 c-0.6-0.2-1.1-0.4-1.6-0.6c-0.5-0.2-0.9-0.4-1.2-0.6c-0.3-0.2-0.5-0.4-0.5-0.7c0-0.3,0.1-0.5,0.2-0.6c0.1-0.2,0.3-0.3,0.6-0.4 c0.2-0.1,0.5-0.2,0.8-0.2c0.3,0,0.6-0.1,0.9-0.1c0.8,0,1.5,0.1,2.2,0.2c0.7,0.1,1.3,0.4,2,0.6l1.1-3.5c-1-0.3-1.9-0.5-2.8-0.7 c-0.9-0.1-1.6-0.2-2.3-0.2c-0.9,0-1.8,0.1-2.7,0.3c-0.9,0.2-1.7,0.5-2.5,0.9c-0.7,0.4-1.3,0.9-1.8,1.6c-0.5,0.6-0.7,1.4-0.7,2.3 c0,0.8,0.2,1.5,0.5,2c0.3,0.5,0.7,1,1.2,1.3c0.5,0.3,1,0.6,1.5,0.8c0.5,0.2,1,0.4,1.5,0.5c0.5,0.2,0.9,0.3,1.2,0.6 c0.3,0.2,0.5,0.5,0.5,0.9c0,0.3-0.1,0.6-0.3,0.7c-0.2,0.2-0.5,0.3-0.8,0.4c-0.3,0.1-0.6,0.1-1,0.2c-0.3,0-0.6,0-0.8,0 c-1.5,0-2.9-0.3-4.3-0.9L274.1,120.5z M271.1,116.7c-0.7,0.4-1.5,0.6-2.4,0.8c-0.9,0.2-1.7,0.3-2.4,0.3c-0.8,0-1.5-0.1-2-0.2 c-0.5-0.1-0.9-0.3-1.2-0.6c-0.3-0.3-0.5-0.6-0.6-0.9c-0.1-0.4-0.2-0.7-0.2-1.2h10.8c0.1-0.2,0.1-0.5,0.1-0.7c0-0.3,0.1-0.5,0.1-0.8 c0-0.3,0.1-0.5,0.1-0.7c0-0.2,0-0.4,0-0.6c0-1.1-0.2-2.1-0.5-3c-0.4-0.8-0.8-1.5-1.5-2.1c-0.6-0.5-1.4-0.9-2.2-1.2 c-0.9-0.3-1.8-0.4-2.8-0.4c-1.7,0-3.1,0.3-4.3,0.9c-1.2,0.6-2.1,1.4-2.8,2.3c-0.7,0.9-1.2,1.9-1.6,2.9c-0.3,1.1-0.5,2-0.5,2.9 c0,1,0.2,1.9,0.5,2.7c0.3,0.8,0.8,1.6,1.5,2.2c0.7,0.6,1.5,1.1,2.5,1.5c1,0.4,2.1,0.6,3.4,0.6c0.8,0,1.6-0.1,2.5-0.2 c0.9-0.1,1.9-0.4,2.8-0.6L271.1,116.7z M262.6,111.9c0.1-0.4,0.3-0.7,0.5-1.1c0.2-0.4,0.5-0.7,0.8-1c0.3-0.3,0.7-0.5,1.1-0.7 c0.4-0.2,0.9-0.3,1.5-0.3c0.5,0,0.9,0.1,1.2,0.2c0.3,0.2,0.6,0.4,0.8,0.7c0.2,0.3,0.4,0.6,0.4,1c0.1,0.4,0.1,0.7,0.1,1.2H262.6z M246.1,104.4h2.6c0.8,0,1.4,0.2,1.9,0.5c0.4,0.3,0.6,0.9,0.6,1.6c0,0.5-0.1,0.9-0.3,1.2c-0.2,0.3-0.5,0.6-0.9,0.8 c-0.4,0.2-0.8,0.3-1.3,0.4c-0.5,0.1-1.1,0.1-1.7,0.1h-1.8L246.1,104.4z M237.3,120.9h5.5l1.6-8.1h0.6c0.6,0,1.1,0,1.4,0.1 c0.4,0,0.6,0.2,0.8,0.4c0.2,0.2,0.4,0.5,0.5,0.9c0.1,0.4,0.2,0.9,0.4,1.6l1.1,5.2h5.4l-1.5-6.3c-0.1-0.3-0.2-0.7-0.3-1.1 c-0.1-0.4-0.3-0.8-0.4-1.2c-0.2-0.4-0.4-0.7-0.7-0.9c-0.3-0.3-0.6-0.4-1-0.4V111c0.8-0.1,1.5-0.3,2.3-0.5c0.7-0.2,1.4-0.5,1.9-0.9 c0.5-0.4,1-0.9,1.3-1.6c0.3-0.6,0.5-1.4,0.5-2.3c0-1.3-0.3-2.3-0.8-2.9c-0.5-0.7-1.2-1.2-2-1.5c-0.8-0.3-1.8-0.5-2.8-0.6 c-1-0.1-2-0.1-3-0.1h-6.5L237.3,120.9z"></path> </g> </svg> </a></div><nav role="navigation" aria-labelledby="block-caixabank-navegacionprincipal-menu" id="block-caixabank-navegacionprincipal"><h2 class="visually-hidden" id="block-caixabank-navegacionprincipal-menu">Navegación principal</h2><ul class="menu menu-level-0"><li class="menu-item"> <a href="/en" data-drupal-link-system-path="<front>">Home</a></li><li class="menu-item menu-item--expanded menu-item--active-trail"> <a href="/en/economics-markets" data-drupal-link-system-path="taxonomy/term/3">Economics & Markets</a><div class="menu-desplegable menu_visual_1"><div class="container menu_visual_1"><div class="col-left"><div class="content-visual-menu"><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/indicators-and-forecasts" data-drupal-link-system-path="taxonomy/term/42">Indicators and forecasts</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/recent-developments" data-drupal-link-system-path="taxonomy/term/21">Recent developments</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/activity-growth" data-drupal-link-system-path="taxonomy/term/993">Activity & growth</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/inflation" data-drupal-link-system-path="taxonomy/term/11">Inflation</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/commodities" data-drupal-link-system-path="taxonomy/term/6">Commodities</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item menu-item--active-trail"> <a href="/en/economics-markets/labour-market-demographics" data-drupal-link-system-path="taxonomy/term/12" class="is-active">Labour market & demographics</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/financial-markets" data-drupal-link-system-path="taxonomy/term/4">Financial markets</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/monetary-policy" data-drupal-link-system-path="taxonomy/term/5">Monetary policy</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets/public-sector" data-drupal-link-system-path="taxonomy/term/14">Public sector</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economics-markets" data-drupal-link-system-path="taxonomy/term/3">View all about Economics & Markets</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></div></div><div class="js-view-dom-id-18e52292a79fdcc93ccf6cad6d12d1978cb008accd701b27e66aaa82a86055aa col-right"><div class="content-article-menu"> <article data-history-node-id="12940" role="article" about="/en/economics-markets/activity-growth/2025-global-outlook-search-new-normal" typeof="schema:Article" data-type="article"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/menu_destacado/public/content/image/2024/11/08/34529/ico_im_11_24_azul_n.jpg?itok=uV5BE-x5" width="400" height="200" alt="Perspectivas 2025" loading="lazy" typeof="foaf:Image" /></div></div><h2><a href="/en/economics-markets/activity-growth/2025-global-outlook-search-new-normal"><span property="schema:name">2025 global outlook: in search of a new normal</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Dossier</div></div><div class="box_author_date box_ad box_with_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/jose-ramon-diez" class="author-complete-teaser"> <a href="/en/author/jose-ramon-diez"><div class="field_fotografia field"><div class="field_media_image field"> <img src="/sites/default/files/styles/index_autor/public/content/image/2022/03/22/34454/joseramondiez-bn-cuadrada.jpg?itok=onBpj1ja" width="136" height="136" alt="José Ramón Díez" loading="lazy" typeof="foaf:Image" /></div></div><div class="author-info"><div class="nom"><div class="name field"> José Ramón Díez</div></div></div> </a></div></div></div><div class="created">November 18th, 2024</div></div></article></div></div></div></div></li><li class="menu-item menu-item--expanded"> <a href="/en/sectoral-analysis" data-drupal-link-system-path="taxonomy/term/15">Sectoral analysis</a><div class="menu-desplegable menu_visual_1"><div class="container menu_visual_1"><div class="col-left"><div class="content-visual-menu"><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/sectoral-analysis/agrifood" data-drupal-link-system-path="taxonomy/term/16">Agrifood</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/banking" data-drupal-link-system-path="taxonomy/term/17">Banking</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/retail" data-drupal-link-system-path="taxonomy/term/1073">Retail</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/consumption" data-drupal-link-system-path="taxonomy/term/1075">Consumption</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/digitalisation" data-drupal-link-system-path="taxonomy/term/1079">Digitalisation</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/industry" data-drupal-link-system-path="taxonomy/term/1074">Industry</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/real-estate" data-drupal-link-system-path="taxonomy/term/19">Real Estate</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis/tourism" data-drupal-link-system-path="taxonomy/term/20">Tourism</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/sectoral-analysis" data-drupal-link-system-path="taxonomy/term/15">View all about Sectoral analysis</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></div></div><div class="js-view-dom-id-ccfd9b68c7d1821229f6f14383c2f4665ad1a5dd3f8b643aa086fc6d20d5273a col-right"><div class="content-article-menu"> <article data-history-node-id="12946" role="article" about="/en/sectoral-analysis/agrifood/agrifood-sector-begins-recover-2024" typeof="schema:Article" data-type="article"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/menu_destacado/public/content/image/2024/11/11/34529/agroalimentario-espana-michael-lechner-ky2e8df3gxo-unsplash.jpg?itok=xEymc3LH" width="400" height="200" alt="Campo de trigo segado. Photo by Michael Lechner on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div><h2><a href="/en/sectoral-analysis/agrifood/agrifood-sector-begins-recover-2024"><span property="schema:name">The Agrifood Sector Begins to Recover in 2024</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Spanish economy</div></div><div class="box_author_date box_ad box_with_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/pedro-alvarez-ondina" class="author-complete-teaser"> <a href="/en/author/pedro-alvarez-ondina"><div class="field_fotografia field"><div class="field_media_image field"> <img src="/sites/default/files/styles/index_autor/public/content/image/2022/03/22/34454/pedroalvarez-bn-cuadrada.jpg?itok=UeXzHu7H" width="136" height="136" alt="Pedro Álvarez" loading="lazy" typeof="foaf:Image" /></div></div><div class="author-info"><div class="nom"><div class="name field"> Pedro Álvarez Ondina</div></div></div> </a></div></div></div><div class="created">November 14th, 2024</div></div></article></div></div></div></div></li><li class="menu-item menu-item--expanded"> <a href="/en/geographical-areas" data-drupal-link-system-path="taxonomy/term/211">Geographical areas</a><div class="menu-desplegable menu_visual_1"><div class="container menu_visual_1"><div class="col-left"><div class="content-visual-menu"><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/areas-geograficas/spain" data-drupal-link-system-path="taxonomy/term/212">Spain</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/areas-geograficas/portugal" data-drupal-link-system-path="taxonomy/term/213">Portugal</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/areas-geograficas/international" data-drupal-link-system-path="taxonomy/term/792">International</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/geographical-areas" data-drupal-link-system-path="taxonomy/term/211">View all about Geographical areas</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></div></div><div class="js-view-dom-id-58aeec250bc7198fec82738679b538c108059fd53a2d600b6104191e5b4f2c50 col-right"><div class="content-article-menu"> <article data-history-node-id="12950" role="article" about="/en/economics-markets/activity-growth/spain-2025-dynamic-growth-albeit-slightly-lower-2024" typeof="schema:Article" data-type="article"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/menu_destacado/public/content/image/2024/11/08/34529/ico_im_11_24_roja_n.jpg?itok=mbtY6ro1" width="400" height="200" alt="Perspectivas 2025" loading="lazy" typeof="foaf:Image" /></div></div><h2><a href="/en/economics-markets/activity-growth/spain-2025-dynamic-growth-albeit-slightly-lower-2024"><span property="schema:name">Spain 2025: dynamic growth, albeit slightly lower than in 2024</span></a></h2><div class="category primary_color"><div class="field_seccion field"> Dossier</div></div><div class="box_author_date box_ad box_no_image"><div class="field_author multiple"><div class="autor"><div about="/en/author/oriol-carreras-baquer" class="author-name-teaser"><div class="nom"><a href="/en/author/oriol-carreras-baquer"><div class="name field"> Oriol Carreras Baquer</div> </a></div></div></div><div class="autor"><div about="/en/author/javier-garcia-arenas" class="author-name-teaser"><div class="nom"><a href="/en/author/javier-garcia-arenas"><div class="name field"> Javier García Arenas</div> </a></div></div></div></div><div class="created">November 19th, 2024</div></div></article></div></div></div></div></li><li class="menu-item menu-item--expanded"> <a href="/en/publications" data-drupal-link-system-path="taxonomy/term/43">Publications</a><div class="menu-desplegable menu_visual_4"><div class="container menu_visual_4"><div class="col-double"><div class="content-visual-menu"><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-0 menu-type-default"><ul class="menu menu-level-1"><li class="menu-item"> <a href="/en/publicaciones/monthly-report" data-drupal-link-system-path="taxonomy/term/48">Monthly Report</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/pulso-economico-semanal" data-drupal-link-system-path="taxonomy/term/52">Pulso Económico Semanal</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/financial-markets-daily-report" data-drupal-link-system-path="taxonomy/term/47">Financial Markets Daily Report</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/notas-breves-actualidad-economica-y-financiera" data-drupal-link-system-path="taxonomy/term/51">Notas Breves de Actualidad Económica y Financiera</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/monitor-consumo" data-drupal-link-system-path="taxonomy/term/1044">Monitor de consumo</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications/sectoral-reports" data-drupal-link-system-path="taxonomy/term/50">Sectoral Reports</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications/spains-macroeconomic-financial-outlook" data-drupal-link-system-path="node/2616">Spain's Macroeconomic & Financial Outlook</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/autonomous-community-profiles" data-drupal-link-system-path="taxonomy/term/1086">Autonomous Community Profiles</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications/portugals-macroeconomic-financial-outlook" data-drupal-link-system-path="node/2617">Portugal's Macroeconomic & Financial Outlook</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/country-outlook" data-drupal-link-system-path="taxonomy/term/46">Country Outlook</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/flash-divisas" data-drupal-link-system-path="taxonomy/term/1166">Flash Divisas</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/podcasts" data-drupal-link-system-path="taxonomy/term/62">Pódcast Economía Exprés</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/videos" data-drupal-link-system-path="taxonomy/term/61">Videos</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/working-papers" data-drupal-link-system-path="taxonomy/term/53">Working Papers</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/hemeroteca/academic-articles" data-drupal-link-system-path="taxonomy/term/58">Academic articles</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/economist-conferences" data-drupal-link-system-path="taxonomy/term/73">Conferences</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publicaciones/archives" data-drupal-link-system-path="taxonomy/term/49">Archives</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li><li class="menu-item"> <a href="/en/publications" data-drupal-link-system-path="taxonomy/term/43">View all about Publications</a><div class="menu_link_content menu-link-contentmain view-mode-default menu-dropdown menu-dropdown-1 menu-type-default"></div></li></ul></div></div></div></div></div></li><li class="menu-item"> <a href="https://realtimeeconomics.caixabankresearch.com/#/home?lang=ENG" target="_blank">Real-Time Economics</a></li></ul> </nav><div id="block-caixabank-lupa" class="block block--fancy block_content:4f09ab03-9b04-4d1e-8887-01f5ffec8359 block-caixabank-lupa"> <svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" id="Layer_1" x="0px" y="0px" width="23.234px" height="23.551px" viewBox="0 0 23.234 23.551" xml:space="preserve"> <circle fill="none" stroke="#009DDC" stroke-width="2" stroke-linecap="round" stroke-miterlimit="10" cx="9.852" cy="9.667" r="8.5"></circle> <line fill="none" stroke="#009DDC" stroke-width="2" stroke-linecap="round" stroke-miterlimit="10" x1="15.852" y1="16.167" x2="22.352" y2="22.667"></line> </svg></div></div></div></header><main role="main"> <a id="main-content" tabindex="-1"></a><div class="layout-content container"><div class="context-header menu"><div class="context-header-top"><div class="breadcrumb view-contexto-menu-tematicas"><div class="bread-level-0"><a href="/en/economics-markets" hreflang="en">Economics & Markets</a></div><h1 class="bread-level-1"><a href="/en/economics-markets/labour-market-demographics" hreflang="en">Labour market & demographics</a></h1></div></div></div><div class="content"><div data-drupal-messages-fallback class="hidden"></div><div id="block-caixabank-content" class="block block--fancy system_main_block block-caixabank-content"><div about="/en/economics-markets/labour-market-demographics" class="term categories llista_articles" class="three-col border-bottom"><div class="three-col border-bottom view view-eva view-lista-articulos view-id-lista_articulos upper_menu_anchors view-display-id-lista_articulo js-view-dom-id-7f0350c02406e321ff8a65a0e3ce3c4cbca2d37fc206af676bfe484a40adb0b6"><div class="flex three-columns-gap20 wrap"> <article data-history-node-id="12939" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/empleo-arranca-fuerza-4t" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/empleo-arranca-fuerza-4t"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/empleo-arranca-fuerza-4t"><span>El empleo arranca con fuerza en el 4T </span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 5 Nov 2024</div></div></article><article data-history-node-id="12916" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/epa-del-3t-arroja-buenos" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/epa-del-3t-arroja-buenos"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/epa-del-3t-arroja-buenos"><span>La EPA del 3T arroja buenos resultados</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 25 Oct 2024</div></div></article><article data-history-node-id="12880" role="article" about="/en/economics-markets/labour-market-demographics/what-driving-cooling-us-labour-market" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/labour-market-demographics/what-driving-cooling-us-labour-market"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/10/09/34529/mercado-laboral-usa-christopher-groff-5qlazihegkc-unsplash.jpg?itok=xRpnaqEd" width="433" height="289" alt="Cortacéspedes aparcados bajo la nieve. Foto de Christopher Groff en Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/united-states-america" hreflang="en">United States of America</a></div><h2 class="teaser_title"><a href="/en/economics-markets/labour-market-demographics/what-driving-cooling-us-labour-market"><span property="schema:name">What is driving the cooling of the US labour market?</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/isabela-lara-white" class="author-name-teaser"><div class="nom"><a href="/en/author/isabela-lara-white"><div class="name field"> Isabela Lara White</div> </a></div></div></div></div><div class="fecha"> 16 Oct 2024</div></div></article><article data-history-node-id="12827" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/mercado-laboral-se-desacelera-3t" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/mercado-laboral-se-desacelera-3t"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/mercado-laboral-se-desacelera-3t"><span>El mercado laboral se desacelera en el 3T </span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 2 Oct 2024</div></div></article><article data-history-node-id="12764" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/leve-desaceleracion-creacion" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/leve-desaceleracion-creacion"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/leve-desaceleracion-creacion"><span>Leve desaceleración de la creación de empleo en agosto</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 3 Sep 2024</div></div></article><article data-history-node-id="12732" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/ocupacion-alcanza-nuevo-record" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/ocupacion-alcanza-nuevo-record"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/ocupacion-alcanza-nuevo-record"><span>La ocupación alcanza un nuevo récord con 21,7 millones</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 26 Jul 2024</div></div></article><article data-history-node-id="12653" role="article" about="/en/economics-markets/labour-market-demographics/disparity-between-employment-and-hours-worked-spain" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/labour-market-demographics/disparity-between-employment-and-hours-worked-spain"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/07/09/34529/mercado-laboral-salud-alexander-grey-o6lz3j_fk88-unsplash.jpg?itok=_H74jzpa" width="433" height="289" alt="Paciente sentado en camilla. Photo by Alexander Grey on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/economics-markets/labour-market-demographics" hreflang="en">Labour market & demographics</a></div><h2 class="teaser_title"><a href="/en/economics-markets/labour-market-demographics/disparity-between-employment-and-hours-worked-spain"><span property="schema:name">The disparity between employment and hours worked in Spain</span></a></h2><div class="autor-fecha slash"><div class="field_author multiple "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div><div class="autor"><div about="/en/author/sergio-diaz" class="author-name-teaser"><div class="nom"><a href="/en/author/sergio-diaz"><div class="name field"> Sergio Díaz</div> </a></div></div></div></div><div class="fecha"> 16 Jul 2024</div></div></article><article data-history-node-id="12640" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/aceleracion-creacion-empleo-2t" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/aceleracion-creacion-empleo-2t"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/aceleracion-creacion-empleo-2t"><span>Aceleración de la creación de empleo en el 2T 2024</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 2 Jul 2024</div></div></article><article data-history-node-id="12545" role="article" about="/en/economics-markets/labour-market-demographics/where-has-fall-temporary-employment-rate-been" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/labour-market-demographics/where-has-fall-temporary-employment-rate-been"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/06/06/34529/merado-laboral-trabajadores-campo-agro-tim-mossholder-xdwea2kaeja-unsplash.jpg?itok=BNa6IcKV" width="433" height="289" alt="Trabajadores del campo. Photo by Tim Mossholder on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/economics-markets/labour-market-demographics" hreflang="en">Labour market & demographics</a></div><h2 class="teaser_title"><a href="/en/economics-markets/labour-market-demographics/where-has-fall-temporary-employment-rate-been"><span property="schema:name">Where has the fall in the temporary employment rate been concentrated?</span></a></h2><div class="autor-fecha slash"><div class="field_author multiple "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div><div class="autor"><div about="/en/author/sergio-diaz" class="author-name-teaser"><div class="nom"><a href="/en/author/sergio-diaz"><div class="name field"> Sergio Díaz</div> </a></div></div></div></div><div class="fecha"> 25 Jun 2024</div></div></article><article data-history-node-id="12523" role="article" about="/en/economics-markets/labour-market-demographics/artificial-intelligence-challenges-and-opportunities" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/labour-market-demographics/artificial-intelligence-challenges-and-opportunities"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/05/31/34455/imatges_publicaciones_interior_2024-d2.jpg?itok=mjfeqiJv" width="433" height="289" alt="Dossier 2 Inteligencia artificial.jpg" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/european-union" hreflang="en">European Union</a></div><h2 class="teaser_title"><a href="/en/economics-markets/labour-market-demographics/artificial-intelligence-challenges-and-opportunities"><span property="schema:name">Artificial intelligence: challenges and opportunities for Europe</span></a></h2><div class="autor-fecha slash"><div class="field_author single author_no_photo "><div class="autor"><div about="/en/taxonomy/term/1165" class="author-name-teaser"><div class="nom"><div class="name field"> CaixaBank Research</div></div></div></div></div><div class="fecha"> 25 Jun 2024</div></div></article><article data-history-node-id="12536" role="article" about="/en/economics-markets/labour-market-demographics/survey-household-finances-spain-not-country-young" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/labour-market-demographics/survey-household-finances-spain-not-country-young"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/06/04/34529/demografia-joven-jesus-rodriguez-ncwnzead7fs-unsplash.jpg?itok=_TJ_dlWe" width="433" height="289" alt="Joven de espaldas caminando por la calle. Photo by Jesús Rodríguez on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/demographics" hreflang="en">Demographics</a></div><h2 class="teaser_title"><a href="/en/economics-markets/labour-market-demographics/survey-household-finances-spain-not-country-young"><span property="schema:name">Survey of Household Finances: Spain is not a country for the young</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/judit-montoriol-garriga" class="several"><div class="nom"><div class="name field"> Several authors</div></div></div></div></div><div class="fecha"> 21 Jun 2024</div></div></article><article data-history-node-id="12539" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/tiron-servicios-impulsa-avance" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/tiron-servicios-impulsa-avance"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/tiron-servicios-impulsa-avance"><span>El tirón de los servicios impulsa el avance de la afiliación</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 4 Jun 2024</div></div></article><article data-history-node-id="12494" role="article" about="/en/economics-markets/labour-market-demographics/2024-ageing-report-and-pension-reform-everything-you" typeof="schema:Article" class="node article teaser-llista-articles"> <a href="/en/economics-markets/labour-market-demographics/2024-ageing-report-and-pension-reform-everything-you"><div class="field_thumbnail field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2024/05/09/34529/demografia-mary-blackwey-1vdtcskv6hu-unsplash.jpg?itok=aGas8ZjS" width="433" height="289" alt="Anciano y niño en la playa. Photo by Mary Blackwey on Unsplash" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/en/tags/demographics" hreflang="en">Demographics</a></div><h2 class="teaser_title"><a href="/en/economics-markets/labour-market-demographics/2024-ageing-report-and-pension-reform-everything-you"><span property="schema:name">'2024 Ageing Report' and pension reform: everything you need to know (and a little bit more)</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/javier-garcia-arenas" class="author-name-teaser"><div class="nom"><a href="/en/author/javier-garcia-arenas"><div class="name field"> Javier García Arenas</div> </a></div></div></div></div><div class="fecha"> 16 May 2024</div></div></article><article data-history-node-id="12480" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/creacion-empleo-mantiene-tono" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/creacion-empleo-mantiene-tono"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/creacion-empleo-mantiene-tono"><span>La creación de empleo mantiene un tono positivo</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 6 May 2024</div></div></article><article data-history-node-id="12465" role="article" lang="es" about="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/ocupacion-mantiene-1t-ritmo" class="node brief-note teaser-llista-articles"> <a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/ocupacion-mantiene-1t-ritmo"><div class="field_imagen field"><div class="field_media_image field"> <img src="/sites/default/files/styles/teaser/public/content/image/2022/06/21/49/ico_nb_mercado_laboral_espanya.jpg?itok=k59cvX7-" width="433" height="289" alt="Mercado laboral España" loading="lazy" typeof="foaf:Image" /></div></div> </a><div class="category "> <a href="/es/tags/mercado-trabajo" hreflang="es">Mercado de trabajo</a></div><h2 class="teaser_title"><a href="/en/publications/notas-breves-actualidad-economica-y-financiera/spain/ocupacion-mantiene-1t-ritmo"><span>La ocupación mantiene en el 1T un ritmo de crecimiento del 0,5% trimestral en términos desestacionalizados</span></a></h2><div class="autor-fecha slash"><div class="field_author single "><div class="autor"><div about="/en/author/nuria-bustamante" class="author-name-teaser"><div class="nom"><a href="/en/author/nuria-bustamante"><div class="name field"> Nuria Bustamante</div> </a></div></div></div></div><div class="fecha"> 26 Apr 2024</div></div></article></div> <nav class="pager" role="navigation" aria-labelledby="pagination-heading"><h4 id="pagination-heading" class="visually-hidden">Pagination</h4><ul class="pager__items js-pager__items"><li class="pager__item is-active"> <a href="?page=0" title="Current page"> <span class="visually-hidden"> Current page </span>1</a></li><li class="pager__item"> <a href="?page=1" title="Go to page 2"> <span class="visually-hidden"> Page </span>2</a></li><li class="pager__item"> <a href="?page=2" title="Go to page 3"> <span class="visually-hidden"> Page </span>3</a></li><li class="pager__item"> <a href="?page=3" title="Go to page 4"> <span class="visually-hidden"> Page </span>4</a></li><li class="pager__item"> <a href="?page=4" title="Go to page 5"> <span class="visually-hidden"> Page </span>5</a></li><li class="pager__item"> <a href="?page=5" title="Go to page 6"> <span class="visually-hidden"> Page </span>6</a></li><li class="pager__item"> <a href="?page=6" title="Go to page 7"> <span class="visually-hidden"> Page </span>7</a></li><li class="pager__item"> <a href="?page=7" title="Go to page 8"> <span class="visually-hidden"> Page </span>8</a></li><li class="pager__item"> <a href="?page=8" title="Go to page 9"> <span class="visually-hidden"> Page </span>9</a></li><li class="pager__item pager__item--ellipsis" role="presentation">…</li><li class="pager__item pager__item--next"> <a href="?page=1" title="Go to next page" rel="next"> <span class="visually-hidden">Next page</span> <span aria-hidden="true">›</span> </a></li><li class="pager__item pager__item--last"> <a href="?page=20" title="Go to last page"> <span class="visually-hidden">Last page</span> <span aria-hidden="true">»</span> </a></li></ul> </nav></div><div class="node_view"></div></div></div></div></div></main><footer role="contentinfo"><div class="container"><div class="logo_caixa_footer"> <a href="https://www.caixabankresearch.com/en" title="CaixaBank Research footer logo"> <svg xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" version="1.1" x="0px" y="0px" viewBox="0 0 469.7 126" style="enable-background:new 0 0 469.7 126;" xml:space="preserve"> <g> <path class="st0" d="M35.3,52.9c1,0.7,0.9,2,1.8,2.7l0.4,3l-2.2,3.2c-2.8,1.5-6.9,2.1-9.5-0.2c-1.5-1.3-1.9-3.2-1.5-5.1l1-2.8 c0.6-0.4,1.4-0.5,1.8-1.2c1.4-0.9,3.1-0.7,4.7-1C33,51.9,34.8,51.2,35.3,52.9"></path> <path class="st0" d="M28.1,70.7c0.9,0,1.5,0.6,2.3,0.5c1.2,0.4,1,1.9,2.2,2.2c0.9,1.9,1.5,3.9,2,5.9c-0.3,1.2,0.6,1.9,0.3,2.9 l0.3,0.2c0,1.1-0.1,2.4-0.5,3.5c0.2,2-0.8,3.8-1.7,5.5c-0.6,0.4-0.9,1.5-1.8,1.3c-1.6,0.5-1.7,2.8-3.6,2.6 c-1.2,0.9-2.9,0.4-4.3,0.4c-0.8-0.4-2-0.3-2.6-1.1c-1.5-0.6-2.8-1.7-4.1-2.7c-0.5-1.1-1.6-1.6-1.8-2.8c0.4-1.5-0.5-2.8-0.1-4.3 l-0.3-2.4l0.9-4.2c1.6-0.8,1.1-2.7,2.7-3.3c1-2.2,3.3-2.7,5.1-3.9c0.7-0.1,1.5,0.2,2.1-0.4C26.3,70.4,27.2,71.5,28.1,70.7"></path> <path class="st0" d="M107.8,5.6c-0.4,6.9-6.1,11.5-9,17.3c-1.3,3.5-4.3,5.5-6.5,8.6c-2,2-3.9,4.2-5.5,6.5c0.3,1.6,2,2.1,3,3.2 c2.2,1.3,2.4,3.8,4.3,5.3c1.1,0,1.1,1.7,2.3,1.5c2.6,2.8,4.7,5.7,6.8,8.7c0.3,1.1,0.9,2.1,1.8,2.9c1.7,2.5,3.1,5.1,4.9,7.7 c0.2,2.8,2.6,4.7,3.4,7.4c1.1,1.4,1.5,3.1,2.5,4.5c1.5,3.3,2.5,6.8,4.3,10c0.3,0.7-0.1,1.5-0.5,2c-0.7,0.5-1.2-0.4-2-0.3 c-4-1.5-7.8-3.6-11.5-5.8c-3.8-3.1-8-5.3-11.8-8.5c-1.5-0.4-2.1-2.1-3.4-2.8c-3.6-2.3-6.5-5.5-10.2-7.6c-1.7-1.3-3.3-2.5-5-3.8 c-1.3-0.1-1.7-1.6-2.9-2.1c-2.7-1.7-5.2-4-8-5.5c-0.2,0.4,0,1-0.2,1.4c-1.9,1.8-1.4,4.6-2.7,6.6c0,2.9-2.1,5-2.9,7.5 c-2.3,4.1-4.3,8.3-6.7,12.4c-3.2,4.2-4.9,9.3-9.4,12.7c-1,1.2-2.1,1.9-3.3,2.6c-0.5-0.2-1.3-0.1-1.5-0.7c-0.5-1,0.1-2.6-0.6-3.5 c0.6-1.4,0.2-3,0.5-4.6L38,88.5c0-2.1,1.1-4,0.7-6.2c0.6-1.4,0.8-2.9,1-4.4c0.7-1.9,1.3-3.9,1.5-5.9c0.6-1.2,0.9-2.7,0.7-4.1 c0.5-1.3,0.6-2.8,1.9-3.7c0.2-0.8,0-1.7,0.1-2.5c1.3-4,2.9-7.9,4-12c0-0.3-0.3-0.4-0.5-0.4c-2.9-0.1-5.6,0.4-8.3-0.3 c-4.4-0.1-8.8-0.6-13-1.5c-1.7-0.3-3.8-0.1-5.3-1.1c-1,0-2.2,0.2-3.2-0.3c-2-1-4.4-0.8-6.4-1.9c-1.5,0.2-2.6-0.8-4-0.9 c-1.3,0.1-2.1-1-3-1.8v-0.4c2.4-3.3,6.4-4.2,9.9-5.5c3.5-1.1,7.3-1.2,10.9-1.9c2.3-0.4,4.8,0.2,7.1-0.1c4.2,0.1,8.2,0.8,12.3,0.9 c1.4,0.2,2.6,0.8,4,0.8l0-0.6l-3.9-5.3c-1.5-3.4-4.1-6.3-5.1-9.9c-0.9-1.1-0.1-2.7-0.7-3.9c0-0.5,0.4-0.9,0.6-1.4 c0.8-0.3,1.8,0.2,2.6-0.3c2.5,0.6,4.8,1.5,7.3,2c2.6,1,5.2,2.1,7.5,3.8c2.9,2,6.4,3.4,8.6,6.5c0.6,0.5,1.5,0.6,2.3,0.4 c0.7-0.1,0.8-0.9,1.5-1.2c3-1.9,6.4-3,9.4-5.1c1.2-1.2,3.2-1.4,3.9-3c0.9-0.4,1.8-1,2.7-1.3c1.7-1.2,3.4-2.5,5.3-3.5 c1-0.1,1.8-0.6,2.5-1.2c3-1.7,6.2-3,9.1-4.9c0.6-1.7,2.5-1.3,3.9-1.7C106.5,4.8,107.5,4.7,107.8,5.6"></path> <rect x="142.4" y="85.2" class="st0" width="323.1" height="1.3"></rect> <rect x="142.4" y="86.4" class="st0" width="323.1" height="1.3"></rect> <path class="st0" d="M366.5,47.1c2-2.9,3.9-4.1,7.7-4.1c5.3,0,5.6,4.7,5.6,8.9c-1.1,0-2.4-0.2-3.7-0.2c-7.1,0-15,3.2-15,11.5 c0,5.8,5.2,9.1,10.6,9.1c3.4,0,5.9-1.9,8.6-3.8c0.9,2,3.3,3.4,6.2,3.8l5.9-4.7l-1.2-1.2c-0.5,0.2-1.3,0.3-1.6,0.3 c-1.7,0-2.3-1-2.3-4.6v-2.7c0.1-4.5,0.3-8.5,0.3-11.3c0-7.8-5.9-9.7-12.9-9.7c-3.7,0-6.8,0.5-10.1,1.4v7.4H366.5z M380.1,66.2 c-1.3,0.8-2.8,1.3-5.2,1.3c-3.3,0-6.1-2.7-6.1-6.3c0-5,3.8-6.9,7.4-6.9c1.4,0,2.9,0.2,3.7,0.4L380.1,66.2z"></path> <path class="st0" d="M192.7,27.3h-3.4c-2.5-7.5-10.3-10.5-17.2-10.5c-13.9,0-19.7,11.2-19.7,24.7c0,22.6,16.4,26.5,23,26.5 c6.5,0,12.4-2.8,15.9-8.4l2.5,1l-2.5,8.9c-6.4,1.2-10.4,1.8-15.6,1.8c-23.9,0-34.4-14.8-34.4-29.2c0-16.5,12.7-28.7,30.7-28.7 c10.4,0,14.4,1.8,20.1,3.2L192.7,27.3z"></path> <path class="st0" d="M217.1,54.7c-0.9-0.2-2.4-0.4-3.8-0.4c-3.6,0-7.4,1.9-7.4,6.9c0,3.6,2.8,6.3,6.1,6.3c2.4,0,4-0.5,5.3-1.3 L217.1,54.7z M201.8,47.1v-7.4c3.3-0.9,6.4-1.4,10.1-1.4c7,0,12.9,1.9,12.9,9.7c0,2.8-0.2,6.9-0.3,11.4V62c0,3.6,0.6,4.6,2.4,4.6 c0.4,0,1.1-0.1,1.6-0.3l1.2,1.2l-5.9,4.7c-3-0.4-5.3-1.9-6.3-3.8c-2.7,2-5.2,3.8-8.6,3.8c-5.3,0-10.6-3.3-10.6-9.1 c0-8.3,7.9-11.5,15-11.5c1.3,0,2.6,0.2,3.7,0.2c0-4.2-0.3-8.9-5.6-8.9c-3.8,0-5.8,1.3-7.8,4.2H201.8z"></path> <path class="st0" d="M238.6,25.1c2.3,0,4.3,1.6,4.3,4c0,2.3-2,4-4.3,4c-2.3,0-4.3-1.6-4.3-4C234.3,26.7,236.3,25.1,238.6,25.1 M242.5,38.3c0,3.3,0.3,10.2,0.3,16.6v11.4c0,2.7,1.2,3.1,3.1,3.5v1.6c-2.4,0-4.7-0.2-7-0.2c-2.1,0-4.2,0.2-6.3,0.2v-1.6 c1.9-0.5,2.7-0.9,2.7-3.5v-9.7c0-5.6-0.5-8.8-1.1-10.4c-0.6-1.6-1.4-2.1-3.3-2.4v-1.6c3.6-0.9,7.8-2.3,10.1-3.9H242.5z"></path> <path class="st0" d="M249.7,69.9c2.5-0.4,4.2-2.3,5.2-3.7l7.6-9.7l-9-12.2c-1.5-2-2-2.5-4.3-3.5v-1.6c2.3,0.1,4.8,0.2,7.1,0.2 c2.3,0,4.7-0.2,7-0.2v1.6c-0.9,0.5-1.6,0.6-1.6,1.8c0,0.5,0.2,1.6,0.9,2.5l4.3,5.9l3.8-5.1c0.8-1.1,1.2-2,1.2-2.6 c0-1.5-0.9-2-2.2-2.5v-1.6c2.1,0.1,4.1,0.2,6.3,0.2c2,0,4.2-0.2,6.2-0.2v1.6c-3.1,0.7-4.7,2.6-6.4,4.8l-6.7,8.5l8.5,11.8 c1.2,1.6,3,3.5,4.9,4.1v1.6c-2.3-0.1-4.6-0.2-7-0.2c-2.4,0-4.6,0.2-7,0.2v-1.6c0.9-0.1,1.6-0.9,1.6-1.7c0-0.5-0.6-1.7-1.3-2.7 l-4.2-6l-4.2,5.7c-0.5,0.7-1.1,2.2-1.1,2.9c0,1.2,0.6,1.6,1.6,1.8v1.6c-2-0.1-4.2-0.2-6.2-0.2c-1.7,0-3.4,0.2-5.1,0.2V69.9z"></path> <path class="st0" d="M303.4,54.7c-0.9-0.2-2.4-0.4-3.8-0.4c-3.6,0-7.4,1.9-7.4,6.9c0,3.6,2.8,6.3,6.1,6.3c2.4,0,4-0.5,5.2-1.3 L303.4,54.7z M288.1,47.1v-7.4c3.3-0.9,6.4-1.4,10.1-1.4c7,0,12.9,1.9,12.9,9.7c0,2.8-0.2,6.9-0.3,11.4V62c0,3.6,0.6,4.6,2.3,4.6 c0.4,0,1.1-0.1,1.7-0.3l1.2,1.2l-5.9,4.7c-3-0.4-5.3-1.9-6.3-3.8c-2.7,2-5.2,3.8-8.6,3.8c-5.3,0-10.6-3.3-10.6-9.1 c0-8.3,7.9-11.5,15-11.5c1.3,0,2.6,0.2,3.7,0.2c0-4.2-0.3-8.9-5.6-8.9c-3.8,0-5.8,1.3-7.8,4.2H288.1z"></path> <path class="st0" d="M331.3,45.4c1.6,0,2.9-0.1,4.2-0.1c7.5,0,11.9,5.3,11.9,12.4c0,6-4,10.9-10.7,10.9c-4.9,0-5.4-0.8-5.4-5V45.4z M322.9,64.8c0,3.4-1,4.5-4.5,4.9v1.4h13.5c1.1,0,2.2,0.1,3.2,0.2c1.1,0.1,2.2,0.2,3.2,0.2c8.5,0,18.6-3.3,18.6-13.4 c0-8.1-4.9-12.3-12.3-14.3v-0.2c5.9-1.9,11.3-6.2,11.3-12.8c0-10.2-10.5-13.9-19.2-13.9c-1.9,0-3.7,0.3-7.2,0.3 c-3.1,0-6.3-0.3-10.2-0.3v1.7c2.1,0.3,3.4,1,3.4,4c0,7,0.2,17,0.2,26.3V64.8z M331.7,21.2c0-1.5,0.9-1.6,3.1-1.6 c8.4,0,11.7,4.5,11.7,11.4c0,6.8-4.7,11.1-11.7,11.1c-1,0-2.1-0.1-3.5-0.2L331.7,21.2z"></path> <path class="st0" d="M393.8,43.7c2.3,0,3.4,1.3,3.4,3.6c0,2.5,0.4,6.7,0.4,11.3v7.7c0,2.7-0.9,3-2.9,3.7v1.6c2.2,0,4.5-0.2,6.6-0.2 c2.3,0,4.5,0.2,6.7,0.2v-1.6c-2.1-0.2-2.9-0.9-2.9-3.7v-6.4c0-6.1,0.2-10.5,0.2-13.4c0-2.9,5-3.7,6.6-3.7c5.6,0,6.4,5.8,6.4,10 v13.5c0,2.7-0.6,3.2-2.8,3.7v1.6c2.5,0,4.9-0.2,7.4-0.2c2,0,3.8,0.2,5.8,0.2v-1.6c-2.2-0.6-2.8-1.2-2.8-3.7V49.6 c0-6.6-3-11.3-10.8-11.3c-3.3,0-6.8,2-9.5,3.8c0.1-1.3,0.1-2.6,0.2-3.9h-1.6c-3,1.9-5.8,3-10.4,3.9V43.7z"></path> <path class="st0" d="M465.5,69.8c-2.3-0.7-5.2-3.2-6.2-4.4l-11.8-13.8l6-6.3c1.9-2,4.5-3.7,7.3-4.5v-1.6c-2,0.2-3.9,0.2-5.9,0.2 c-2.1,0-4.3-0.1-6.4-0.2v1.6c0.7,0.3,1.4,1.3,1.4,2c0,0.9-0.4,2-2,3.7l-6.4,6.3V15.9h-1.7c-2.8,2.1-6.5,3.7-10.4,4.8v1.8 c2,0,3.7,1.9,3.9,5.1c0.2,3,0.6,8.8,0.6,13.4v25.3c0,1.7-0.6,3.1-3,3.5v1.6c2.1-0.2,4.1-0.2,6.3-0.2c2.3,0,4.6,0.2,7,0.2v-1.6 c-1.9-0.4-2.7-1.3-2.7-3.7V55.4h0.2l8.1,8.8c1.3,1.5,2.3,3.3,2.3,4.1c0,0.8-0.5,1.4-1.2,1.4v1.6c2.7,0,5.3-0.2,8-0.2 c2.3,0,4.5,0.2,6.8,0.2V69.8z"></path> <rect x="142.4" y="86.4" class="st0" width="323.1" height="1.3"></rect> <path class="st0" d="M351.9,120.9h5.3l1.5-7c0.1-0.6,0.3-1.1,0.5-1.6c0.2-0.5,0.5-1,0.8-1.3c0.3-0.4,0.7-0.7,1.1-0.9 c0.4-0.2,0.9-0.3,1.5-0.3c0.7,0,1.2,0.2,1.6,0.5c0.3,0.4,0.5,0.8,0.5,1.2c0,0.4,0,0.8-0.1,1.2c-0.1,0.4-0.2,0.8-0.2,1.2l-1.5,7.1 h5.4l1.4-7.1c0.1-0.4,0.1-0.8,0.2-1c0.1-0.3,0.1-0.5,0.1-0.8c0-0.2,0-0.5,0.1-0.7c0-0.2,0-0.4,0-0.7c0-0.7-0.1-1.4-0.3-2.1 c-0.2-0.6-0.5-1.2-0.9-1.7c-0.4-0.5-0.9-0.8-1.5-1.1c-0.6-0.3-1.3-0.4-2-0.4c-1.2,0-2.3,0.3-3.2,0.7c-0.9,0.5-1.6,1.1-2.1,1.8H360 l1.9-8.9h-5.3L351.9,120.9z M350.5,116.8c-0.6,0.2-1.1,0.4-1.6,0.5c-0.5,0.1-1.1,0.2-1.8,0.2c-0.6,0-1.1-0.1-1.5-0.3 c-0.4-0.2-0.8-0.4-1.1-0.7c-0.3-0.3-0.6-0.7-0.7-1.1s-0.2-0.8-0.2-1.3c0-1.6,0.4-2.8,1.3-3.6c0.9-0.8,2-1.3,3.4-1.3 c0.6,0,1.2,0.1,1.7,0.2c0.6,0.1,1.1,0.3,1.7,0.6l1.1-3.7c-0.8-0.3-1.6-0.6-2.5-0.8c-0.9-0.2-1.7-0.3-2.3-0.3c-1.5,0-2.8,0.2-4,0.7 c-1.2,0.5-2.2,1.1-3.1,1.9c-0.9,0.8-1.5,1.8-2,2.9c-0.5,1.1-0.7,2.3-0.7,3.5c0,1,0.2,1.9,0.5,2.7c0.3,0.8,0.8,1.6,1.4,2.2 c0.6,0.6,1.4,1.1,2.3,1.5c0.9,0.4,1.9,0.6,3,0.6c1,0,1.9-0.1,2.6-0.2c0.7-0.1,1.3-0.2,1.9-0.4L350.5,116.8z M327.9,105.7 c-0.1,0.7-0.2,1.4-0.3,2c-0.1,0.7-0.2,1.3-0.4,2l-2.4,11.3h5.3l1.5-7c0.1-0.6,0.3-1.1,0.5-1.6c0.2-0.5,0.5-1,0.8-1.3 c0.3-0.4,0.7-0.7,1.1-0.9c0.4-0.2,0.9-0.3,1.5-0.3c0.5,0,1,0,1.3,0.1c0.4,0.1,0.8,0.3,1.1,0.5l1.2-4.7c-0.3-0.2-0.7-0.3-1.1-0.3 c-0.4,0-0.8-0.1-1.1-0.1c-0.5,0-1.1,0.1-1.5,0.3c-0.5,0.2-0.9,0.5-1.3,0.8c-0.4,0.3-0.8,0.7-1.1,1.1c-0.3,0.4-0.6,0.9-0.8,1.3h-0.1 l0.6-3.1H327.9z M317.3,120.9h4.3c0.1-1.1,0.3-2.2,0.5-3.2c0.2-1,0.4-1.9,0.6-2.8c0.2-0.9,0.4-1.7,0.5-2.4c0.1-0.7,0.2-1.4,0.2-2 c0-0.9-0.2-1.7-0.5-2.4c-0.4-0.7-0.8-1.2-1.4-1.6c-0.6-0.4-1.3-0.7-2.1-0.9c-0.8-0.2-1.7-0.3-2.6-0.3c-1.2,0-2.2,0.1-3.1,0.2 c-0.9,0.2-1.7,0.4-2.5,0.6l-0.5,3.8c0.9-0.4,1.7-0.8,2.4-0.9c0.7-0.2,1.6-0.3,2.5-0.3c0.9,0,1.6,0.2,2.1,0.6 c0.5,0.4,0.7,0.8,0.7,1.4v0.3c0,0.1,0,0.2-0.1,0.3c-0.4,0-0.8-0.1-1.3-0.1c-0.5,0-1,0-1.5,0c-1.2,0-2.3,0.1-3.3,0.4 c-1,0.2-1.9,0.6-2.7,1c-0.8,0.5-1.4,1-1.8,1.7c-0.4,0.7-0.7,1.5-0.7,2.5c0,1.5,0.4,2.6,1.3,3.3c0.9,0.7,2.1,1.1,3.8,1.1 c1,0,2-0.2,2.9-0.6c0.9-0.4,1.6-1,2.2-1.9v-0.1l0.1,0.1L317.3,120.9z M313.4,114.6c0.8-0.4,1.9-0.6,3.1-0.5c0.2,0,0.4,0,0.7,0 c0.3,0,0.5,0,0.7,0.1c-0.2,1-0.6,1.9-1.3,2.6c-0.7,0.7-1.6,1-2.7,1c-0.6,0-1-0.2-1.3-0.5c-0.3-0.3-0.5-0.7-0.5-1 C312.2,115.6,312.6,115,313.4,114.6 M303.6,116.7c-0.7,0.4-1.5,0.6-2.4,0.8c-0.9,0.2-1.7,0.3-2.4,0.3c-0.8,0-1.5-0.1-2-0.2 c-0.5-0.1-0.9-0.3-1.2-0.6c-0.3-0.3-0.5-0.6-0.6-0.9c-0.1-0.4-0.2-0.7-0.2-1.2h10.8c0.1-0.2,0.1-0.5,0.1-0.7c0-0.3,0.1-0.5,0.1-0.8 c0-0.3,0.1-0.5,0.1-0.7c0-0.2,0-0.4,0-0.6c0-1.1-0.2-2.1-0.5-3c-0.4-0.8-0.8-1.5-1.5-2.1c-0.6-0.5-1.4-0.9-2.2-1.2 c-0.9-0.3-1.8-0.4-2.8-0.4c-1.7,0-3.1,0.3-4.3,0.9c-1.2,0.6-2.1,1.4-2.8,2.3c-0.7,0.9-1.2,1.9-1.6,2.9c-0.3,1.1-0.5,2-0.5,2.9 c0,1,0.2,1.9,0.5,2.7c0.3,0.8,0.8,1.6,1.5,2.2c0.7,0.6,1.5,1.1,2.5,1.5c1,0.4,2.1,0.6,3.4,0.6c0.8,0,1.6-0.1,2.5-0.2 c0.9-0.1,1.9-0.4,2.8-0.6L303.6,116.7z M295.1,111.9c0.1-0.4,0.2-0.7,0.5-1.1c0.2-0.4,0.5-0.7,0.8-1c0.3-0.3,0.7-0.5,1.1-0.7 c0.4-0.2,0.9-0.3,1.5-0.3c0.5,0,0.9,0.1,1.2,0.2c0.3,0.2,0.6,0.4,0.8,0.7c0.2,0.3,0.3,0.6,0.4,1c0.1,0.4,0.1,0.7,0.1,1.2H295.1z M274.1,120.5c0.8,0.2,1.8,0.4,2.9,0.6c1.1,0.2,2.3,0.2,3.5,0.2c1,0,1.9-0.2,2.8-0.4c0.9-0.2,1.6-0.6,2.3-1.1 c0.6-0.5,1.2-1.1,1.5-1.8c0.4-0.7,0.6-1.5,0.6-2.5c0-0.6-0.2-1.2-0.5-1.6c-0.3-0.4-0.7-0.8-1.2-1.1c-0.5-0.3-1-0.6-1.6-0.8 c-0.6-0.2-1.1-0.4-1.6-0.6c-0.5-0.2-0.9-0.4-1.2-0.6c-0.3-0.2-0.5-0.4-0.5-0.7c0-0.3,0.1-0.5,0.2-0.6c0.1-0.2,0.3-0.3,0.6-0.4 c0.2-0.1,0.5-0.2,0.8-0.2c0.3,0,0.6-0.1,0.9-0.1c0.8,0,1.5,0.1,2.2,0.2c0.7,0.1,1.3,0.4,2,0.6l1.1-3.5c-1-0.3-1.9-0.5-2.8-0.7 c-0.9-0.1-1.6-0.2-2.3-0.2c-0.9,0-1.8,0.1-2.7,0.3c-0.9,0.2-1.7,0.5-2.5,0.9c-0.7,0.4-1.3,0.9-1.8,1.6c-0.5,0.6-0.7,1.4-0.7,2.3 c0,0.8,0.2,1.5,0.5,2c0.3,0.5,0.7,1,1.2,1.3c0.5,0.3,1,0.6,1.5,0.8c0.5,0.2,1,0.4,1.5,0.5c0.5,0.2,0.9,0.3,1.2,0.6 c0.3,0.2,0.5,0.5,0.5,0.9c0,0.3-0.1,0.6-0.3,0.7c-0.2,0.2-0.5,0.3-0.8,0.4c-0.3,0.1-0.6,0.1-1,0.2c-0.3,0-0.6,0-0.8,0 c-1.5,0-2.9-0.3-4.3-0.9L274.1,120.5z M271.1,116.7c-0.7,0.4-1.5,0.6-2.4,0.8c-0.9,0.2-1.7,0.3-2.4,0.3c-0.8,0-1.5-0.1-2-0.2 c-0.5-0.1-0.9-0.3-1.2-0.6c-0.3-0.3-0.5-0.6-0.6-0.9c-0.1-0.4-0.2-0.7-0.2-1.2h10.8c0.1-0.2,0.1-0.5,0.1-0.7c0-0.3,0.1-0.5,0.1-0.8 c0-0.3,0.1-0.5,0.1-0.7c0-0.2,0-0.4,0-0.6c0-1.1-0.2-2.1-0.5-3c-0.4-0.8-0.8-1.5-1.5-2.1c-0.6-0.5-1.4-0.9-2.2-1.2 c-0.9-0.3-1.8-0.4-2.8-0.4c-1.7,0-3.1,0.3-4.3,0.9c-1.2,0.6-2.1,1.4-2.8,2.3c-0.7,0.9-1.2,1.9-1.6,2.9c-0.3,1.1-0.5,2-0.5,2.9 c0,1,0.2,1.9,0.5,2.7c0.3,0.8,0.8,1.6,1.5,2.2c0.7,0.6,1.5,1.1,2.5,1.5c1,0.4,2.1,0.6,3.4,0.6c0.8,0,1.6-0.1,2.5-0.2 c0.9-0.1,1.9-0.4,2.8-0.6L271.1,116.7z M262.6,111.9c0.1-0.4,0.3-0.7,0.5-1.1c0.2-0.4,0.5-0.7,0.8-1c0.3-0.3,0.7-0.5,1.1-0.7 c0.4-0.2,0.9-0.3,1.5-0.3c0.5,0,0.9,0.1,1.2,0.2c0.3,0.2,0.6,0.4,0.8,0.7c0.2,0.3,0.4,0.6,0.4,1c0.1,0.4,0.1,0.7,0.1,1.2H262.6z M246.1,104.4h2.6c0.8,0,1.4,0.2,1.9,0.5c0.4,0.3,0.6,0.9,0.6,1.6c0,0.5-0.1,0.9-0.3,1.2c-0.2,0.3-0.5,0.6-0.9,0.8 c-0.4,0.2-0.8,0.3-1.3,0.4c-0.5,0.1-1.1,0.1-1.7,0.1h-1.8L246.1,104.4z M237.3,120.9h5.5l1.6-8.1h0.6c0.6,0,1.1,0,1.4,0.1 c0.4,0,0.6,0.2,0.8,0.4c0.2,0.2,0.4,0.5,0.5,0.9c0.1,0.4,0.2,0.9,0.4,1.6l1.1,5.2h5.4l-1.5-6.3c-0.1-0.3-0.2-0.7-0.3-1.1 c-0.1-0.4-0.3-0.8-0.4-1.2c-0.2-0.4-0.4-0.7-0.7-0.9c-0.3-0.3-0.6-0.4-1-0.4V111c0.8-0.1,1.5-0.3,2.3-0.5c0.7-0.2,1.4-0.5,1.9-0.9 c0.5-0.4,1-0.9,1.3-1.6c0.3-0.6,0.5-1.4,0.5-2.3c0-1.3-0.3-2.3-0.8-2.9c-0.5-0.7-1.2-1.2-2-1.5c-0.8-0.3-1.8-0.5-2.8-0.6 c-1-0.1-2-0.1-3-0.1h-6.5L237.3,120.9z"></path> </g></svg> </a></div><div class="footer_middle"><div id="block-caixabank-footeren" class="block block--fancy block_content:581d223e-ffb2-4303-ab5f-67abdba50ca2 block-caixabank-footeren"><div class="paragraph ptype_pr-linked-logos pmode_comunes"></div><div class="paragraph ptype_pr-links pmode_comunes"> <a href="/en/about-us">About CaixaBank Research</a> <a href="/en/work-us/home">Work with us</a> <a href="/en/our-team">Team</a> <a href="/en/contact">Contact</a> <a href="https://www.caixabank.com/en/home_en.html" target="_blank">CaixaBank</a></div><div class="paragraph ptype_pr-simple-text pmode_default"></div></div><div id="block-caixabank-bottomlinksen" class="block block--fancy block_content:292aa62c-a399-4816-a143-e01cfac7326a block-caixabank-bottomlinksen"><div class="paragraph ptype_pr-links pmode_comunes"> <a href="https://www.caixabankresearch.com/en/cookies_policy" target="_blank">Cookies Policy</a></div><div class="paragraph ptype_pr-links pmode_comunes"> <a href="https://www.caixabank.es/particular/general/privacy.html" target="_blank">Privacy</a> <a href="https://www.caixabank.com/general/avisolegal_en.html" target="_blank">Legal Disclaimer</a> <a href="https://www.caixabank.com/general/informacionlegal_en.html" target="_blank">Legal Information</a></div></div></div><div class="newsletter"> <a title="Twitter Link" class="social-bottom twitter-link" target="_blank" href="https://twitter.com/CABK_Research"> <svg version="1.1" id="logo_twitter" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" width="22.328px" height="18.146px" viewBox="0 0 22.328 18.146" enable-background="new 0 0 22.328 18.146" xml:space="preserve"> <path fill="#FFFFFF" d="M22.328,2.148c-0.82,0.365-1.703,0.611-2.631,0.721c0.946-0.566,1.672-1.464,2.014-2.534 c-0.885,0.525-1.864,0.906-2.908,1.112C17.966,0.557,16.776,0,15.458,0c-2.529,0-4.581,2.052-4.581,4.581 c0,0.359,0.041,0.708,0.119,1.044C7.19,5.435,3.814,3.61,1.555,0.838c-0.394,0.678-0.62,1.465-0.62,2.305 c0,1.589,0.808,2.991,2.037,3.812c-0.75-0.023-1.457-0.229-2.074-0.572C0.897,6.4,0.897,6.419,0.897,6.439 c0,2.219,1.579,4.071,3.675,4.492c-0.384,0.104-0.789,0.16-1.207,0.16c-0.295,0-0.582-0.028-0.862-0.082 c0.583,1.819,2.275,3.144,4.279,3.181c-1.568,1.229-3.543,1.961-5.689,1.961c-0.37,0-0.734-0.022-1.093-0.064 c2.028,1.301,4.436,2.06,7.022,2.06c8.426,0,13.033-6.981,13.033-13.034c0-0.198-0.005-0.396-0.013-0.593 C20.937,3.874,21.714,3.066,22.328,2.148"></path> </svg> </a> <a title="Spotify Link" class="social-bottom spotify-link" target="_blank" href="https://open.spotify.com/show/2Fe9ugalc3XYJjRKiInYNQ?go=1&sp_cid=f43ad2b90a329108a9629db7693b3d42&nd=1"> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 496 512" width="22.328px" height="18.146px"> <path fill="#fff" d="M248 8C111.1 8 0 119.1 0 256s111.1 248 248 248 248-111.1 248-248S384.9 8 248 8Z"/> <path d="M406.6 231.1c-5.2 0-8.4-1.3-12.9-3.9-71.2-42.5-198.5-52.7-280.9-29.7-3.6 1-8.1 2.6-12.9 2.6-13.2 0-23.3-10.3-23.3-23.6 0-13.6 8.4-21.3 17.4-23.9 35.2-10.3 74.6-15.2 117.5-15.2 73 0 149.5 15.2 205.4 47.8 7.8 4.5 12.9 10.7 12.9 22.6 0 13.6-11 23.3-23.2 23.3zm-31 76.2c-5.2 0-8.7-2.3-12.3-4.2-62.5-37-155.7-51.9-238.6-29.4-4.8 1.3-7.4 2.6-11.9 2.6-10.7 0-19.4-8.7-19.4-19.4s5.2-17.8 15.5-20.7c27.8-7.8 56.2-13.6 97.8-13.6 64.9 0 127.6 16.1 177 45.5 8.1 4.8 11.3 11 11.3 19.7-.1 10.8-8.5 19.5-19.4 19.5zm-26.9 65.6c-4.2 0-6.8-1.3-10.7-3.6-62.4-37.6-135-39.2-206.7-24.5-3.9 1-9 2.6-11.9 2.6-9.7 0-15.8-7.7-15.8-15.8 0-10.3 6.1-15.2 13.6-16.8 81.9-18.1 165.6-16.5 237 26.2 6.1 3.9 9.7 7.4 9.7 16.5s-7.1 15.4-15.2 15.4z"/> </svg> </a> <a href="/en/user/newsletter" class="btn-newsletter">Newsletters</a></div></div></footer></div><script>window.dataLayer = window.dataLayer || []; window.dataLayer.push({"referer":null,"full_url":"https:\/\/www.caixabankresearch.com\/en\/economics-markets\/labour-market-demographics","site":"prod","event":"imPageView","page":{"id":"en\/economics-markets\/labour-market-demographics","type":"subcategory","title":"subcategory\/en\/economics-markets\/labour-market-demographics","language":"en","category":"economics-markets","subcategory":"labour-market-demographics"},"content":[],"user":{"isLogged":"not_logged"},"error":[]});</script><script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/","scriptPath":null,"pathPrefix":"en\/","currentPath":"taxonomy\/term\/12","currentPathIsAdmin":false,"isFront":false,"currentLanguage":"en"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"dataLayer":{"defaultLang":"en","languages":{"ca":{"id":"ca","name":"catalan","direction":"ltr","weight":-10},"es":{"id":"es","name":"spanish","direction":"ltr","weight":-10},"en":{"id":"en","name":"English","direction":"ltr","weight":-9}}},"cookies":{"cookiesjsr":{"config":{"cookie":{"name":"cookiesjsr","expires":31536000000,"domain":"","sameSite":"Lax","secure":false},"library":{"libBasePath":"\/libraries\/cookiesjsr\/dist","libPath":"\/libraries\/cookiesjsr\/dist\/cookiesjsr.min.js","scrollLimit":0},"callback":{"method":"post","url":"\/en\/cookies\/consent\/callback.json","headers":[]},"interface":{"openSettingsHash":"#editCookieSettings","showDenyAll":true,"denyAllOnLayerClose":false,"settingsAsLink":true,"availableLangs":["ca","es","en"],"defaultLang":"en","groupConsent":false,"cookieDocs":true}},"services":{"functional":{"id":"functional","services":[{"key":"functional","type":"functional","name":"Required functional","info":{"value":"\u003Ctable\u003E\r\n\t\u003Cthead\u003E\r\n\t\t\u003Ctr\u003E\r\n\t\t\t\u003Cth width=\u002215%\u0022\u003ECookie name\u003C\/th\u003E\r\n\t\t\t\u003Cth width=\u002215%\u0022\u003EDefault expiration time\u003C\/th\u003E\r\n\t\t\t\u003Cth\u003EDescription\u003C\/th\u003E\r\n\t\t\u003C\/tr\u003E\r\n\t\u003C\/thead\u003E\r\n\t\u003Ctbody\u003E\r\n\t\t\u003Ctr\u003E\r\n\t\t\t\u003Ctd\u003E\u003Ccode dir=\u0022ltr\u0022 translate=\u0022no\u0022\u003ESSESS\u0026lt;ID\u0026gt;\u003C\/code\u003E\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003E1 month\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003EIf you are logged in to this website, a session cookie is required to identify and connect your browser to your user account in the server backend of this website.\u003C\/td\u003E\r\n\t\t\u003C\/tr\u003E\r\n\t\t\u003Ctr\u003E\r\n\t\t\t\u003Ctd\u003E\u003Ccode dir=\u0022ltr\u0022 translate=\u0022no\u0022\u003Ecookiesjsr\u003C\/code\u003E\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003E1 year\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003EWhen you visited this website for the first time, you were asked for your permission to use several services (including those from third parties) that require data to be saved in your browser (cookies, local storage). Your decisions about each service (allow, deny) are stored in this cookie and are reused each time you visit this website.\u003C\/td\u003E\r\n\t\t\u003C\/tr\u003E\r\n\t\u003C\/tbody\u003E\r\n\u003C\/table\u003E\r\n","format":"full_html"},"uri":"","needConsent":false}],"weight":1},"marketing":{"id":"marketing","services":[{"key":"analytics","type":"marketing","name":"Marketing","info":{"value":"","format":"basic_html"},"uri":"","needConsent":true}],"weight":20},"performance":{"id":"performance","services":[{"key":"gtag","type":"performance","name":"Performance","info":{"value":"","format":"basic_html"},"uri":"","needConsent":true}],"weight":30},"video":{"id":"video","services":[{"key":"video","type":"video","name":"Video","info":{"value":"","format":"basic_html"},"uri":"","needConsent":true}],"weight":40}},"translation":{"_core":{"default_config_hash":"S5qrJju_o31uC1fwXosZ8Nlja2Wps6Gn0mMCAebY1Zw"},"langcode":"es","bannerText":"We use a selection of our own and third-party cookies on the pages of this website: Essential cookies, which are required in order to use the website; functional cookies, which provide better easy of use when using the website; performance cookies, which we use to generate aggregated data on website use and statistics; and marketing cookies, which are used to display relevant content and advertising. If you choose \u0022ACCEPT ALL\u0022, you consent to the use of all cookies. You can accept and reject individual cookie types and revoke your consent for the future at any time at \u0022Settings\u0022.","privacyPolicy":"Privacy policy","privacyUri":"","imprint":"Imprint","imprintUri":"","cookieDocs":"Cookie documentation","cookieDocsUri":"\/en\/politica-cookies","denyAll":"Deny all","alwaysActive":"Always active","settings":"Cookie settings","acceptAll":"Accept all","requiredCookies":"Required cookies","cookieSettings":"Cookie settings","close":"Close","readMore":"Read more","allowed":"Allowed","denied":"Denied","settingsAllServices":"Settings for all services","saveSettings":"Save","default_langcode":"en","disclaimerText":"All cookie information is subject to change by the service providers. We update this information regularly.","disclaimerTextPosition":"above","processorDetailsLabel":"Processor Company Details","processorLabel":"Company","processorWebsiteUrlLabel":"Company Website","processorPrivacyPolicyUrlLabel":"Company Privacy Policy","processorCookiePolicyUrlLabel":"Company Cookie Policy","processorContactLabel":"Data Protection Contact Details","placeholderAcceptAllText":"Accept All Cookies","functional":{"title":"Functional","details":"Cookies are small text files that are placed by your browser on your device in order to store certain information. Using the information that is stored and returned, a website can recognize that you have previously accessed and visited it using the browser on your end device. We use this information to arrange and display the website optimally in accordance with your preferences. Within this process, only the cookie itself is identified on your device. Personal data is only stored following your express consent or where this is absolutely necessary to enable use the service provided by us and accessed by you."},"marketing":{"title":"Marketing","details":"Customer communication and marketing tools."},"performance":{"title":"Performance Cookies","details":"Performance cookies collect aggregated information about how our website is used. The purpose of this is to improve its attractiveness, content and functionality. These cookies help us to determine whether, how often and for how long particular sub-pages of our website are accessed and which content users are particularly interested in. Search terms, country, region and (where applicable) the city from which the website is accessed are also recorded, as is the proportion of mobile devices that are used to access the website. We use this information to compile statistical reports that help us tailor the content of our website to your needs and optimize our offer."},"video":{"title":"Video","details":"Video sharing services help to add rich media on the site and increase its visibility."}}},"cookiesTexts":{"_core":{"default_config_hash":"S5qrJju_o31uC1fwXosZ8Nlja2Wps6Gn0mMCAebY1Zw"},"langcode":"es","bannerText":"We use a selection of our own and third-party cookies on the pages of this website: Essential cookies, which are required in order to use the website; functional cookies, which provide better easy of use when using the website; performance cookies, which we use to generate aggregated data on website use and statistics; and marketing cookies, which are used to display relevant content and advertising. If you choose \u0022ACCEPT ALL\u0022, you consent to the use of all cookies. You can accept and reject individual cookie types and revoke your consent for the future at any time at \u0022Settings\u0022.","privacyPolicy":"Privacy policy","privacyUri":"","imprint":"Imprint","imprintUri":"","cookieDocs":"Cookie documentation","cookieDocsUri":"\/node\/10823","denyAll":"Deny all","alwaysActive":"Always active","settings":"Cookie settings","acceptAll":"Accept all","requiredCookies":"Required cookies","cookieSettings":"Cookie settings","close":"Close","readMore":"Read more","allowed":"Allowed","denied":"Denied","settingsAllServices":"Settings for all services","saveSettings":"Save","default_langcode":"en","disclaimerText":"All cookie information is subject to change by the service providers. We update this information regularly.","disclaimerTextPosition":"above","processorDetailsLabel":"Processor Company Details","processorLabel":"Company","processorWebsiteUrlLabel":"Company Website","processorPrivacyPolicyUrlLabel":"Company Privacy Policy","processorCookiePolicyUrlLabel":"Company Cookie Policy","processorContactLabel":"Data Protection Contact Details","placeholderAcceptAllText":"Accept All Cookies"},"services":{"analytics":{"uuid":"549a5972-2280-4000-baf0-a30759595491","langcode":"es","status":true,"dependencies":[],"id":"analytics","label":"Marketing","group":"marketing","info":{"value":"","format":"basic_html"},"consentRequired":true,"purpose":"","processor":"","processorContact":"","processorUrl":"","processorPrivacyPolicyUrl":"","processorCookiePolicyUrl":"","placeholderMainText":"This content is blocked because required marketing cookies have not been accepted.","placeholderAcceptText":"Accept marketing cookies"},"functional":{"uuid":"a7ad6602-4176-4383-8942-baaaf1481943","langcode":"es","status":true,"dependencies":[],"_core":{"default_config_hash":"SQkYKY9U6xYDPAOC32rgkrIzkd688kRsm9g25mWdcvM"},"id":"functional","label":"Required functional","group":"functional","info":{"value":"\u003Ctable\u003E\r\n\t\u003Cthead\u003E\r\n\t\t\u003Ctr\u003E\r\n\t\t\t\u003Cth width=\u002215%\u0022\u003ECookie name\u003C\/th\u003E\r\n\t\t\t\u003Cth width=\u002215%\u0022\u003EDefault expiration time\u003C\/th\u003E\r\n\t\t\t\u003Cth\u003EDescription\u003C\/th\u003E\r\n\t\t\u003C\/tr\u003E\r\n\t\u003C\/thead\u003E\r\n\t\u003Ctbody\u003E\r\n\t\t\u003Ctr\u003E\r\n\t\t\t\u003Ctd\u003E\u003Ccode dir=\u0022ltr\u0022 translate=\u0022no\u0022\u003ESSESS\u0026lt;ID\u0026gt;\u003C\/code\u003E\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003E1 month\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003EIf you are logged in to this website, a session cookie is required to identify and connect your browser to your user account in the server backend of this website.\u003C\/td\u003E\r\n\t\t\u003C\/tr\u003E\r\n\t\t\u003Ctr\u003E\r\n\t\t\t\u003Ctd\u003E\u003Ccode dir=\u0022ltr\u0022 translate=\u0022no\u0022\u003Ecookiesjsr\u003C\/code\u003E\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003E1 year\u003C\/td\u003E\r\n\t\t\t\u003Ctd\u003EWhen you visited this website for the first time, you were asked for your permission to use several services (including those from third parties) that require data to be saved in your browser (cookies, local storage). Your decisions about each service (allow, deny) are stored in this cookie and are reused each time you visit this website.\u003C\/td\u003E\r\n\t\t\u003C\/tr\u003E\r\n\t\u003C\/tbody\u003E\r\n\u003C\/table\u003E\r\n","format":"full_html"},"consentRequired":false,"purpose":"Essential functional cookies to provide general functionality","processor":"","processorContact":"","processorUrl":"","processorPrivacyPolicyUrl":"","processorCookiePolicyUrl":"","placeholderMainText":"This content is blocked because required functional cookies have not been accepted.","placeholderAcceptText":"Only accept required functional cookies."},"gtag":{"uuid":"f1986c7b-30d1-43ea-9375-ddac12d85375","langcode":"es","status":true,"dependencies":[],"id":"gtag","label":"Performance","group":"performance","info":{"value":"","format":"basic_html"},"consentRequired":true,"purpose":"Performance cookies","processor":"","processorContact":"","processorUrl":"","processorPrivacyPolicyUrl":"","processorCookiePolicyUrl":"","placeholderMainText":"This content is blocked because required performance cookies have not been accepted.","placeholderAcceptText":"Accept performance cookies"},"video":{"uuid":"6385deb0-8426-4ff5-9885-d3b31b7b9f93","langcode":"es","status":true,"dependencies":[],"id":"video","label":"Video","group":"video","info":{"value":"","format":"basic_html"},"consentRequired":true,"purpose":"video","processor":"","processorContact":"","processorUrl":"","processorPrivacyPolicyUrl":"","processorCookiePolicyUrl":"","placeholderMainText":"This content is blocked because video cookies have not been accepted.","placeholderAcceptText":"Accept video cookies"}},"groups":{"functional":{"uuid":"703e5017-fb29-4dc6-ade8-233bceeea0ef","langcode":"es","status":true,"dependencies":[],"_core":{"default_config_hash":"aHm4Q63Ge97tcktTa_qmUqJMir45iyGY2lEvvqPW68g"},"id":"functional","label":"Functional","weight":1,"title":"Functional","details":"Cookies are small text files that are placed by your browser on your device in order to store certain information. Using the information that is stored and returned, a website can recognize that you have previously accessed and visited it using the browser on your end device. We use this information to arrange and display the website optimally in accordance with your preferences. Within this process, only the cookie itself is identified on your device. Personal data is only stored following your express consent or where this is absolutely necessary to enable use the service provided by us and accessed by you."},"marketing":{"uuid":"81df2f36-e3ca-4419-b21c-f47c1d1e647d","langcode":"es","status":true,"dependencies":[],"_core":{"default_config_hash":"JkP6try0AxX_f4RpFEletep5NHSlVB1BbGw0snW4MO8"},"id":"marketing","label":"Marketing","weight":20,"title":"Marketing","details":"Customer communication and marketing tools."},"performance":{"uuid":"337e5339-0fc1-4aba-9322-375f5b0464ae","langcode":"es","status":true,"dependencies":[],"_core":{"default_config_hash":"Jv3uIJviBj7D282Qu1ZpEQwuOEb3lCcDvx-XVHeOJpw"},"id":"performance","label":"Performance","weight":30,"title":"Performance Cookies","details":"Performance cookies collect aggregated information about how our website is used. The purpose of this is to improve its attractiveness, content and functionality. These cookies help us to determine whether, how often and for how long particular sub-pages of our website are accessed and which content users are particularly interested in. Search terms, country, region and (where applicable) the city from which the website is accessed are also recorded, as is the proportion of mobile devices that are used to access the website. We use this information to compile statistical reports that help us tailor the content of our website to your needs and optimize our offer."},"social":{"uuid":"d2d76f0b-fb21-436d-8574-57d0ce7172ef","langcode":"es","status":true,"dependencies":[],"_core":{"default_config_hash":"vog2tbqqQHjVkue0anA0RwlzvOTPNTvP7_JjJxRMVAQ"},"id":"social","label":"Social Plugins","weight":20,"title":"Social Plugins","details":"Comments managers facilitate the filing of comments and fight against spam."},"tracking":{"uuid":"2f05cf74-57be-4dc9-840b-0070920c5e76","langcode":"es","status":true,"dependencies":[],"_core":{"default_config_hash":"_gYDe3qoEc6L5uYR6zhu5V-3ARLlyis9gl1diq7Tnf4"},"id":"tracking","label":"Tracking","weight":10,"title":"Tracking cookies","details":"Marketing cookies come from external advertising companies (\u0022third-party cookies\u0022) and are used to collect information about the websites visited by the user. The purpose of this is to create and display target group-oriented content and advertising for the user."},"video":{"uuid":"60e54a6f-984b-4ef1-9503-dd65009568a8","langcode":"es","status":true,"dependencies":[],"_core":{"default_config_hash":"w1WnCmP2Xfgx24xbx5u9T27XLF_ZFw5R0MlO-eDDPpQ"},"id":"video","label":"Videos","weight":40,"title":"Video","details":"Video sharing services help to add rich media on the site and increase its visibility."}}},"quicklink":{"admin_link_container_patterns":["#block-local-tasks-block a",".block-local-tasks-block a","#drupal-off-canvas a","#toolbar-administration a"],"ignore_admin_paths":true,"ignore_ajax_links":true,"ignore_file_ext":true,"total_request_limit":0,"concurrency_throttle_limit":0,"idle_wait_timeout":2000,"viewport_delay":0,"debug":false,"url_patterns_to_ignore":["user\/logout","#","\/admin","\/edit"]},"ajaxTrustedUrl":{"\/search":true},"user":{"uid":0,"permissionsHash":"c173eef97e34a81c8efc69f0cc301d5fa7da6c70f177b248f2937e5dfa5eaf7d"}}</script><script src="//polyfill.io/v3/polyfill.min.js?features=IntersectionObserver%2CIntersectionObserverEntry%2CURL%2CObject.assign%2CArray.from%2CArray.prototype.includes%2CString.prototype.includes%2CElement.prototype.matches%2CPromise%2CPromise.prototype.finally"></script><script src="/sites/default/files/js/js_XiN20qhV--1jrVAHAMNu9Y_pvsUlkXVvY3zpozbG07M.js"></script><script type="text/javascript" src="/_Incapsula_Resource?SWJIYLWA=719d34d31c8e3a6e6fffd425f7e032f3&ns=1&cb=1591524053" async></script></body></html>