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.
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.
J.P. Marín Arrese / Looking for any rational clue in the extricate discussion on labour relations seems a hopeless aim. One even wonders why economists still call it a market when it departs so obviously from any standard pattern.
Spain´s unemployment rate fell to 13.92% in the third quarter, compared to the estimated 13.75% and 14.02% in the previous quarter. According to the Active Population Survey (EPA) published on Thursday by the National Statistics Institute (INE), unemployment fell by 16,200 persons in the third quarter, 5% less than in the previous quarter, leaving a total of 3,214,400 unemployed.
Miguel Navascués | The winner of the recent elections, Pedro Sánchez, defined his objective in the previous debates with great precision: to end the increasing inequality in Spain. But inequality is not the main problem in Spain, it does not even have the nature of a problem. To begin, it is not increasing.
Fernando G. Urbaneja | Chairman of the Círculo de Empresarios (Business Round Table in Spain ), John de Zulueta is an experienced member of the Board of Directors of various international firms. From his managerial post as President of the Sanitas Group (BUPA Group), he turned the company into the leader of its market. He is also Vice-President of the Innovation Bankinter Foundation and was member of the Advisory Council of 3i Europe. He spoke to us about how to fix Spain’s labour market (unemployment rate is 14.7%, according to April 25th data), where there are currently “135,000 technological jobs vacant which cannot find the people to fill them.”
Fernando G. Urbaneja | John De Zulueta, President of the Circle of Businessmen, believes that Spanish society should aspire to reduce unemployment to 5%, and argues that this would liberate more than €26 billion for savings and investment, public or private, in short for a greater prosperity.
The number of jobless people registered in the public employment services’ offices fell by 83,738 in May compared to the previous month (-2.5%). The total number of unemployed stood at 3.25 million end-May.
Bankinter |The variation in the number of jobless in September (according to the Social Security register) was apparently slightly higher (worse) than forecast: +27.900 vs +21.500 expected vs +22.801 in September 2016. (That said it was slightly better than the 26.087 registered in September 2015).
I have read that since the arrival of Rajoy, the number of unemployed people has fallen by 1.3 million. Well done! But more than half of that corresponds to the drop in the Spain’s active population, who are not confident about finding work.