This Independent Financial Responsibility Authority (AIReF) He warned this Wednesday that the official unemployment rate is “less representative of what you want to measure”, for example, because it doesn’t include some part-time workers who want to work. for more hours or unregistered unemployed unemployment but who wants to work is supposedly ‘discouraged’.
For example, one measure is the percentage of the “underutilized” population. Spain, which includes, among others, part-time workers seeking a full-time job, or the unemployed who are not registered as unemployed but want to work, reaches 18%, the so-called ‘discouraged’.
The independent agency perceives difficulties in measuring effective employment time given the change in labor market behavior observed since the labor reform. Like this, drew attention to alternative measures currently used in Europe and even the United States to analyze a changing labor market around the world.
In such a volatile environment, AIReF considers it increasingly necessary to have high-frequency information to measure the evolution of the economic situation. and, for example, behavioral changes occurring in the labor market.
March will be “exceptional” in membership
The independent organization considers it “very informative”, for example, Data presented mid-month by Social Security on the evolution of membership. According to the latest published statistics, March will be extraordinary, remember from AIReF.
However, AIReF believes that more effort is needed to measure hours worked. because given the change in behavior observed in the labor market since the labor reform, it perceives difficulties in measuring actual employment time.
In addition, uncertainty and “Better” convey the volume of information within GDP statistics it includes progress and what was reviewed in the final data and the factors behind it.
national eligibility
Recommendations made by the independent body to different Public Administrations to increase the efficiency and transparency of the system are frequent. In addition to the reports published periodically; The institution plans to publish an observatory of recommendations for monitoring them soon.
One of the recurring points concerns the European funds ‘Next Generation EU’, which AIReF considers it appropriate to publish this data from a national accounting point of view. ANDThe head of AIReF, in his speech to the Budget Committee, criticizing the lack of information in terms of national accounting in accounts, In terms of neither setting nor executing the Recovery Plan.
Implementation of the Recovery Plan – and approval of payments from Brussels – measured in terms of milestones and goals. Manager-published reports detail the extent to which these milestones and targets for different payouts have been met. According to AIReF, the application speed in this sense is going very well.
In terms of budget, it is also possible to analyze the budget and month-to-month implementation, although the agency warns that much of the Recovery Plan is carried out through other Administrations. Hence the need to publish this data from the point of view of national accounting in order to analyze the “complete picture” of the deployment of these funds.
Transparency in the public sector
Despite the progress made in recent years, AIReF president Cristina Herrero pointed out at a conference organized by the Association of Economic Information Journalists (APIE) and AIReF: The transparency standard in the public sector needs to be raised.
AIREF, After almost a decade of existence, access to information is more or less guaranteed today.After some difficult beginnings where the institution was perceived as a threat,” Herrero noted.
However, he warned that some issues and areas for improvement were still identified. Actually, Although it could not sign an agreement with the Ministry of Economy or the Ministry of Finance, it has applied to sign a Memorandum of Understanding (MoU) many times. for the regular change of the institution despite the insistence. Nor have agreements been signed with official communities for the assessment of the Minimum Living Income (IMV).