Despite the steady progress of vaccination, the recovery in the labor market is slowing down. The effects of the coronavirus still persist in companies and workers, who are not very optimistic about the evolution of the economy and employment in the coming months. In fact, many think that the long-awaited recovery will not come this year. Thus, according to a study by Adecco and Infoempleo, half of the professionals seeking employment think they have little or no chance of getting it, either due to age reasons, the economic situation or the health crisis. In addition, 47% of workers still fear losing their job due to the coronavirus.
The pandemic hit employment hard. The paralysis of activity during the first state of alarm caused job offers in the first two months of the crisis to fall by 70%. In the year 2020 as a whole, job vacancies fell 41.9%, thus breaking with seven years of consecutive growth.
Although the activity has been recovering little by little, companies continue to be very pessimistic and fear that the situation of the economy and the consequences derived from the coronavirus will continue to negatively affect their activity. In addition, they also highlight the difficulty of finding qualified professionals. This is why 37.6% of companies think that 2021 will end up being worse than last year. For their part, 43.3% of workers and 44.4% of the unemployed do not expect a positive evolution of the labor market this year.
The general pessimism may be influenced by the effects of the pandemic during these 16 months. 70% of companies say that their turnover decreased, and only 5.2% say it grew. They are those logistics, health or distribution companies that saw their activity increased in the crisis as they were essential services.
Another data that invites pessimism is that 43% of companies had to make layoffs in 2020, while 8.8% requested ERTE for termination of their workers. The economic situation, cost reduction, business restructuring and financial difficulties were the most common reasons for companies to destroy jobs.
For the immediate future, the good news is that four out of ten companies are already considering hiring. The very news is that 25.8% will continue to lay off, 23.5% will cut salaries and 11.1% will take advantage of ERTE or expand those it has already started. In the self-employed, the recovery is expected much slower, as 93.2% do not plan to hire anyone this year.
Madrid, the region with the most offers
Breaking down the job offers made in 2020 by the different regions and provinces, both the Community of Madrid and Madrid province are the ones that made the most job offers. Of course, the number of job offers in the capital fell compared to 2019. Catalonia and the Basque Country are the next regions that made the most offers, while Andalusia was the community that increased its weight the most, bringing together almost 10% of the Offers in Spain, for the 8.57% it had in 2019. By provinces, Madrid is followed by Barcelona, Vizcaya and Valencia.
Regarding the sectors, commerce and retail distribution were the ones that made the most job offers last year, with 9.5% of them. It should be remembered that food stores, supermarkets and hypermarkets were open during the hardest stage of the crisis, where they also had to adapt to an unprecedented demand for online. In second and third place are the industrial and health sectors, which accounted for 8.2% and 7.8% of the offers. Also education, due to the need for teachers when the schools opened more lines, and logistics due to the growth of electronic commerce had important increases.
On the negative side are the tourism and hospitality sectors, which went from leading the table in 2019 with 12.4% of the labor supply, to 4.8% last year. They were the ones with the greatest drop from one year to the next.