labour market | The Corner .eu

Spanish economy 21st January 2021

Spanish Labour Market 2020: The Year Of Massive Destruction In Employment

Bankia Estudios | Last year ended with the loss of more than 100,000 Spanish companies, a fall of 360,105 Social Security affiliates – the first decline in seven years – and an increase of 724,532 unemployed. It must be added 755,613 workers under temporary lay-offs programs and 349,342 self-employed receiving extraordinary unemployment benefits; in other words, more than 1.1 million people who, although technically still considered employed, are not actually working or are working reduced hours.

Spanish economy 2nd December 2020

Rise In Spain’s Furloughed Workers Overshadows Surge In Social Security Affiliation In November

Randstand Research | The labor market records in November reflect a relatively negative performance against the path of recovery that was observed during the previous four months. Social Security affiliation in November increased by 31,638 people, a 0.17% increase, the best figures in that month since 2006, but it masks a rising in those affected by temporary layoffs of 147.000 during that month. The total number of contributors exceeds the threshold of 19 million (namely 19.02 million people).

Spanish economy 5th November 2020

Can Spain Create 800,000 Jobs In Three Years?

Gemma Garcia Brosa via The Conversation | On October 7, Spanish PM Pedro Sanchez presented the government’s Plan for Recovery, Transformation and Resilience to access the resources of the European programme Next Generation EU and stated that 800,000 jobs will be created. The Spanish economy is undoubtedly capable of generating that number of jobs within three years. In fact, on average, more than 400,000 jobs have been created in Spain each year in 2014-2019. But does this target seem realistic now?

Spanish economy 27th October 2020

Spain jobless rate soars to 16.26%, despite adding 569,600 jobs in Q3, according to the EPA

The number of employed people increased in the third quarter of the year by 569,600 compared to the previous quarter which saw the greatest impact of the pandemic from confinement. The total number of employed stood at 19.17 million. However, the number of unemployed also increased by 355,000 to 3.722.900, equivalent to a rate of 16.26%, the highest since the first quarter of 2018, according to the Labour Force Survey (EPA) published on Tuesday.

In the World, World economy 7th October 2020

Demographics Squeeze Advanced Economies’ Long-Term Growth Potential; Big Test For Italy, Japan

Demographics and labour-market inclusion are increasingly important determinants of growth in advanced economies where productivity is in structural decline, but the impact is highly uneven. Italy and Japan are particularly vulnerable to below-par growth. Scope Ratings has examined the impact of demographic trends on long-term economic growth in major economies, assuming productivity growth and employment rates remain constant.

Spanish economy 2nd October 2020

Spain’s Jobless People Cut By 26,329 In September, Record Drop Since 1996; Rate Doubles The Eurozone’s

The labor market in Spain added 84,013 affiliates in September, the largest increase for this month in the series, while the jobless people fell by 26,329, also an historic high for the ninth month of the year, reported the Ministry of Labor today. With this figures the total number of unemployed reached 3,776,485 by the end of September. Even so, Spain leads European unemployment in August, with a rate of 16.2%, which is double than that of the Eurozone (8.1%), according to data published yesterday by Eurostat.

Spain has highest proportion of contracts of 6 months or less

Spanish economy 4th August 2020

Spanish Unemployment Drops For The First Time Since February: 89,849 People Find A Job In July

The labour market figures in July are very good thanks to the reopening of services and the return of tourism to Spain. Unemployment fell by 89,849 people, the first drop since February.The number of people still affected by temporary layoffs schemes (ERTEs) is now just over one million and the Social Security affiliation average membership is still rising. However, only 17% of the jobs destroyed have been recovered.

Spanish economy 28th July 2020

The Coronavirus Destroys 1M Jobs In Spain In Q2’20, Leaving The Unemployment Rate At 15.33%

The results of the Labour Force Survey (EPA in its Spanish acronym) for the second quarter of 2020 continue to reflect the situation arising from the pandemic. Employment fell by 1,074,000 persons in this period. It should be borne in mind that this figure does not include those affected by a temporary lay-offs with suspension of employment. Meanwhile, the unemployment figure rose by by 55,000 people, with the unemployment rate standing at 15.33%.

Spanish economy 2nd July 2020

Temporary Layoffs Gradually Lifted In Spain: 1.56 M Workers Have Taken Up Their jobs, 1.8 M Still On Hold

The recovery in employment in Spain is proving to be a struggle at best, and a mirage at worst. The data shows that the trend in unemployment growth is slowing: unemployed in June rose by 5,100 people compared to 26,573 the previous month, 282,891 in April and 302,265 people in March. However, this month of June was the worst since 2008. The figure continues to exclude workers who are suspended from work or whose hours have been reduced as a result of a temporary layoff scheme.

Spanish economy 2nd June 2020

Spain Unemployment Continued To Rise In May ; But The Figure Is Ten Times Lower Than In Last Two Months

The number of unemployed in Spain increased by 26,573 people in May, compared to 282,900 the previous month and -84,075 in May 2019. This is the worst May figure in recent years, but it is a vast improvement on previous months (up 282,000 in April and up 302,265 in March).This may be enough to raise some optimism in the Spanish labour market. The labour market data for May also reflects an increase of 97,462 people registered with Social Security compared to the previous month.