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One cause for concern was the continued shrinkage of the labor force, which had 130,000 fewer workers in February.
"The shrinkage in the labor force can create further pressures in terms of labor shortages," said Richard Deitz, an economist for the Federal Reserve Bank in Buffalo.
The unprecedented rate of ageing population in many developed countries is expected to result in severe shrinkage of the labor force, and in turn, may threaten economic growth and productivity.
And companies are still shrinking their labor force," VG wrote.
But the Barnichon-Nekarda model looks at labor force flows, like the number of workers becoming unemployed, leaving the labor force and entering the labor force.
They also experienced mechanization, which displaced the black labor force.
But Spain's labor force remains precariously bifurcated.
The labor force has been growing even faster.
"The result was an unbalanced and vulnerable labor force.
The labor force participation rate peaked more than a decade ago.
More people also dropped out of the labor force.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com