Page 37 - Economic report 2020

(2020 and 2021). Specifically, the number of The increase in numbers of
employees increased 11.5%, after two years of employees in 2022 was especially
decline, and already exceeds the 2019 level by positive in the services sector.
4%. As a result, the service sector’s percentage
of total employees rose seven tenths to 85.9%.

Among tertiary activities, there was a notably strong increase in employment in hotels and
catering, growing 42.7% in 2022, increasing its relative share of the total to 12.5% and allowing
it to recover the level it had before the outbreak of the pandemic. The numbers of employees in
commerce, transport, real estate activities and
business services also rose significantly, as they Within services, hotels and catering is
did in other social activities and services to the the sector in which employment grew
community. In contrast, there was a decline most due to the removal of restrictions.
in the number of employees in the financial
sector (-2.8%) and in public administration
(-0.5%). Commerce and motor vehicle repairs are still the most important services subsector in
terms of employment, with 21.3% of total employees. This is followed by real estate and rental
activities and business services (15.6% of total employees), hotels and catering (12.5%) and public
administration (11.2%).

Within this context of economic expansion, the number of job seekers fell by more than half to
405. Along the same line, the number of people looking for a better job also fell significantly, from
a high of 640 applicants in 2021 to 359 in 2022.

The labour market has tightened JOB SEEKERS AND JOB OFFERS 35
because the number of jobseekers is Chart 4.10
less than half the number of job offers.

In parallel, the number of jobs offered at the
Job Service increased significantly (+56%),
maintaining the positive trend of the previous
year and raising the figure to almost 1,700
offers on monthly average; this amount is
much higher than the number of job seekers
(405). This trend reflects the reactivation of
recruitment plans by businesses as activity
recovered after the pandemic. The ratio of the Job seekers Job offers
number of job applicants to job offers has fallen Source: Department of Employment & Work / Department of Statistics.
from 1.4 in 2021 to 0.5 in 2022, so the job
market has tightened substantially and certain
sectors appear to be struggling to find workers. The decline in numbers of job seekers Andorran economy: general developments | IV. Population, labour market and education
affected all age groups.
The positive impact on the labour market of the
recovery from the pandemic led to a significant
decline in the number of people receiving unemployment benefits in 2022, from 134 to 20. This
meant that the coverage rate for job seekers fell from 15% in 2021 to 5% in 2022. Remember that
the coverage rate is still very low compared with that of European neighbours.

All age groups saw a decline in the number of job seekers. It fell 60% in the 18-25 age bracket,
62% in the 26-39 bracket and 50% in the 40-59 age bracket. It fell least in the bracket of 60 and
above (-35%). Nevertheless, the majority of job seekers are aged 40-59 (46% of the total).