The unemployment rate for the euro area dropped by one-tenth of a percentage point in July, to 6.2%, while the rate for the European Union also fell by one-tenth, settling at 5.9%. These figures, published by Eurostat, show Spain with the highest level of unemployment among the 27 member states, with a rate of 10.4% for the second consecutive month. Eurostat’s data indicates that 13 million people were unemployed in…
FEDEA, the Foundation for Applied Economics Studies, published a new document yesterday in which its director, Angel de la Fuente, points out that “The improvement recorded between 2019 and 2023 or 2024 is considerably smaller in the case of effective unemployment than in registered unemployment. Comparing December 2024 with December 2019, for example, registered unemployment has decreased by just over 600,000 people, while effective unemployment has only decreased by 72,000.”…
The Minister of Labour, Yolanda Díaz, and her team have spent three years without specifying how many people with fixed-discontinuous contracts are registered in the public employment service offices, arguing that the registration of job seekers is the responsibility of the autonomous communities. However, despite this opacity, the statistical services of the department do handle and even publish these figures. Thus, they estimate that in 2024, the number of people…
According to data from the Ministry of Labour and Social Economy, the number of unemployed registered in the offices of the Public Employment Service (SEPE) decreased in February by 5,994 people compared to the previous month (down 0.23%), reaching 2,593,449 people, the lowest figure for this month since 2008. This represents 10.4% of the active population. Meanwhile, according to data published by the Ministry of Inclusion, Social Security and Migration,…
José Luis Fernández Santillana, Director of the USO Studies Office | A job seeker is a person who registers with public employment services, either because they have lost their job and are looking for a new one (regardless of whether they are entitled to unemployment benefits), seeking their first job, or being employed (having a job) and looking for an improvement in their work situation (a broader or better-paid position),…
Two years ago, the Minister of Labor, Yolanda Díaz, committed to publishing detailed data on the actual situation of inactive fixed-discontinuous workers. She never did. Since the labor reform came into effect, one of its recurring controversies has been the role these fixed-discontinuous workers play in the evolution of the labour market. We are talking about a type of indefinite contract linked to occasional activities, sometimes lasting only a few…
Bankinter | The number of unemployed rose in January by 38,725 people compared to 55,000 expected and after a decrease of 25,300 in December. The number of unemployed stands at 2.6 million (up 1.5% month-on-month and down 6.1% year-on-year). Seasonally adjusted Social Security affiliates increased to 21.399 million people (35,800 more workers, up 0.17% month-on-month and 2.4% year-on-year). In non-adjusted monthly terms, the number of affiliates fell to 21.09 million…
According to data from the Active Population Survey (EPA) published this Tuesday by the National Institute of Statistics (INE), unemployment decreased by 265,300 people in 2024, which represents a 9.3% decrease compared to 2023, while employment grew by 468,100 jobs (3.8%), closing the year with a new record of 21,857,900 employed and a number of unemployed lower than 2.6 million. It is true that this figure does not include the…
Bankinter | The unemployment rate has improved to 11.21% in 3Q2024 (down 0.07pp in the quarter, at 2008 levels). The Activity Rate continues to increase in the year to 59.04% (up 137.1 thousand in Q3), with an increase in the number of employed to 21.8 million (up 138.3 thousand), while the number of unemployed remains fairly stable at 2.75 million (down 1,200 people). The number of Employed rises to 21.8M…
Bankinter : The number of unemployed increased by 3,170 people in September (after going up 21,884 in August and with 12,000 expected). The number of unemployed now stands at 2.58M (up 0.1% month-on-month and down 5.4% year-on-year). Seasonally adjusted Social Security enrolled increased to 21.2m (22,220 workers, up 0.1% month-on-month and 2.3% year-on-year). Opinion of Bankinter’s analysis team: The number of unemployed increased below expectations in September, and below its…