unemployment in Spain

Employment

Spain: Record number of Social Security contributors in June – 21.3 million – after 46,783 drop in unemployment

According to data from the Ministry of Labour and Social Economy, the number of unemployed registered with the State Public Employment Service (SEPE) fell by 46,783 people in June compared to May (-1.8%), to 2,561,067 people, the lowest figure since August 2008. The improvement in unemployment was mainly due to hotels and catering and trade. Compared with the level of June 2023, unemployment fell by 127,775 persons (-4.75%). Meanwhile, according…


Employment

Unemployment in Spain down by 58,650 in May to 2,608,850 while Social Security enrolment reaches new record of 21.3 M employed people

The number of unemployed registered in the offices of the public employment services fell by 58,650 people in May compared to the previous month, representing a decrease of 2.2% in percentage terms, according to data published on Tuesday by the Ministry of Labour and Social Economy. After the decline in May, driven mainly by the services sector, the total number of unemployed stood at 2,607,850 unemployed, its lowest figure for…


unemployment spain

Unemployment rises by 117,000 in 1Q24

Unemployment rose by 117,000 people between January and March, which is 4.1% more than in the previous quarter, while employment fell by 139,700 jobs (0.6%), registering in both cases its worst data in a first quarter since 2020, with the arrival of Covid, the INE (National Employment Institute) reported on Friday. After rising by 117,000 people in the first three months of the year, the unemployment rate stood at 12.29%…


unemployment spain

Unemployment in Spain falls by 33,405 in March

The number of unemployed fell in March by 33,405 (after going down by 7,452 in February and 48,760 in the same month last year). The number of unemployed now stands at 2.73M (-1.2% month-on-month and -4.7% year-on-year). Seasonally adjusted Social Security affiliates increase to 21.03M people (+0.4% month-on-month and +2.4% year-on-year). For Sara García, Secretary for Trade Union Action and Employment of the trade union Unión Sindical Obrera (USO), “we…


unemployment office

Unemployment in Spain falls by 7,452 in February

According to data published yesterday by the Ministry of Labour, the number of unemployed people registered in the offices of the State Public Employment Service (SEPE) fell in February compared to January, by 7,452 people (-0.27%), to 2,760,408 unemployed. In seasonally adjusted terms, unemployment fell somewhat more, by 28,249 persons. In February 2023 unemployment rose by 2,618. Over the last 12 months, unemployment in Spain has fallen by 150,607 persons…


unemployment spain

Number of unemployed in Spain increases by 60,404 people in January

Bankinter: The number of unemployed increased in January by 60,404 people, after falling in the last two months of last year (by 24,570 Nov-23 and 27,375 in Dec-23). The total number of unemployed stands at 2.77m people (up 2.2% month-on-month; down 4.8% year-on-year) and seasonally adjusted Social Security enrolment stands at 20.88m people (up 38.5 thousand in the month). Assessment: Employment figures increase in January, slightly above the average of…


unemployment office

Unemployment falls by 24,600 and employment by 19,000 in 4Q23

The National Statistics Institute (INE) published on Friday that according to the Labour Force Survey (Encuesta de Población Activa, EPA), the number of unemployed people decreased in 4Q2023 by 24,600 people compared to 3Q2023, to 2.831 million unemployed, while the number of employed people decreased by 19,000, to 21.247 million. Thus, Spain’s unemployment rate fell to 11.76% from 11.84% in 3Q2023, bringing the rate below the 11.9% expected by FactSet’s…


Employment November

Out-of-work seasonal “fixed discontinuous” workers – not listed as unemployed – up 20% to almost 750,000

Registered unemployment fell by 27,375 in December to a total of 2.7 million, the lowest figure since 2007. But the question on many people’s minds is: what would have happened if this figure had not excluded the out-of-work seasonal “fixed discontinuous” workers who register with a public employment service? They are not classified as unemployed, but as job seekers with an employment relationship, a category that in the last month…


unemployment spain

Spain’s tangled unemployment figures: 2.7 million people or 3.2 million?

According to data provided by the Ministry of Labour, the number of unemployed people registered in the offices of the State Public Employment Service (SEPE) fell in December by 27,375 people (-1%). In year-on-year terms, unemployment fell in December by 130,197 people (-4.59%), to 2,707,456 people, the lowest figure for this month since 2007. These figures, however, should be qualified. According to the USO trade union, the tangle of data…


Employment

Unemployment, employment and propaganda: 562,466 permanent contracts signed in November, reducing unemployment by 24,573

One of the biggest problems in understanding the employment and unemployment figures in Spain is that the new definitions and classifications used by the Ministry of Labour hide very different realities from those they preach. Thus, as the trade union USO explains “In November, 1,356,293 contracts were signed. Over the whole of 2023, more than 14 million. Of these, 41.47% were signed as permanent contracts in November, nearly 600,000, for…