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.
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.
According to the estimates of BBVA Research, social security enrollment increased 0.8% in second quarter , and unemployment reduced 1.6%.
The number of Spanish unemployment fell by 47,697 in March in comparison with the previous month, according to figures from the Labour ministry. Figures of registered unemployed totaled 3.42 million, which was the lowest level of the last nine years.
The Corner | March 3, 2015 | Retail sales in Germany beat expectations in January: they rose by 5.3% instead of the forecast 3.0%, and up from the December’s upwardly revised 4.8% rise. Spanish and German consumers are seemingly much happier about the state of the economy.
MADRID | Sean Duffy | Yesterday brought positive data on the housing front and on job creation, with Spanish bank BBVA prediciting the economy will reap considerable benefits from the falling oil price.
MADRID | Don’t blame the recession as the only source of this huge Spanish unemployment when fiscal drag on salaries represents over 80% of overall receipts.
MADRID | What went wrong? Spanish unemployment is closely linked to the shortcomings the reform was unable to cope with: better labour relations and time-contract jobs on a too wide scale.