unemployment in Spain

Spanish economy 5th December 2023

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…

Spain has highest proportion of contracts of 6 months or less

In Spain 5th December 2023

Unemployment, employment and propaganda: November unemployment up 90,000 – not down 24,500 – counting 114,000 “fixed discontinuous workers who stopped working”

Unemployment fell in Spain by 24,573 people in November, in what has been the second largest fall in unemployment for this month excluding the pandemic, but this evolution is distorted because, after the labour reform, all workers with fixed discontinuous contracts who go into inactivity and even begin to collect a benefit, are not counted as unemployed. As the newspaper El Mundo explains, in November, a total of 114,000 people…

In Spain, Spanish economy 4th December 2023

Unemployment falls by 24,573 in November after three consecutive months of rises thanks to services sector

Bankinter| The number of unemployed fell by 24,573 in November (after 36,936 in October). This increase was mainly due to the services sector, which accounted for a large part of the fall in unemployment. With these figures, the total number of unemployed stood at 2,734,831 people (down 0.9% monthly and 5.1% year-on-year), its lowest figure for a month of November since 2007. For its part, Social Security lost an average…

Spanish economy 26th October 2023

Spain’s unemployment rate deteriorates in 3Q2023 to 11.84% from 11.60% in previous quarter

Bankinter| The unemployment rate deteriorated in 3Q2023 to 11.84% from 11.60% previously and vs. 11.45% expected. The number of unemployed rose to 2.85m (vs. 2.76m at June 2023). The Activity Rate increased to 59.41% (vs. 58.57% previously). See full information in this link. Assessment: We believe that the expected slowdown in economic growth in the second half of the year will be reflected in a certain deterioration of the Unemployment…

Relevant News Item 3rd October 2023

Unemployment up 19,768 in September after tourist season ends, while Social Security adds 18,295 new affiliates

Unemployment registered in the offices of the public employment services rose by 19,768 people in September compared with the previous month (+0.7%), driven above all by the services sector, which accounted for a large part of the increase in unemployment due to the end of the tourist season. With September’s rise, this makes it two consecutive months of increases in Unemployment. September ended with 2,722,468 people in a situation of…

Spanish economy 4th September 2023

Over 300,000 workers exit Social Security system on August 31

Bankinter : The number of unemployed increased in August by +24,826 persons (after -10,968 in July). It stands at 2.7M persons (-0.9% m/m and -7.6% YoY). The seasonally-adjusted number of registered registered persons increases to 20.7M (+0.1% m/m and +2.8% year-on-year). Ministry of Labour and Social Economy and Ministry of Social Inclusion and Migration. For the trade union USO, the figures are not good, because “On 31 August, more than…

Relevant News Item, Spanish economy 2nd August 2023

Unemployment falls by 10,968 in July

CdM| The number of unemployed registered in the Public Employment Services Offices, at the end of July, has fallen by 10,968 people in relation to the previous month. In relative terms, the fall in unemployment was 0.41%. Thus, registered unemployment stood at 2,677,874. In July 2022, unemployment rose by 3,230 in relation to the previous month. On the other hand, with respect to July 2022, year-on-year unemployment fell by 205,938…

Spanish economy 2nd June 2023

Unemployment falls by 49,260 in May

In May, the Social Security system gained an average of 200,411 contributors compared with the previous month (+0.97%) and the number of affiliates exceeded 20.8 million for the first time after adding more than 210,000 employed people, according to data from the Ministry of Inclusion, Social Security and Migration. In addition, the number of unemployed fell by 49,260 people compared to the previous month (-1.8%). All these data are driven…

In Spain, Spanish economy 4th May 2023

Unemployment falls by 73,890 in April

The number of unemployed registered in the offices of the State Public Employment Service (SEPE), fell by 73,890 people in April to leave the total at 2,788,370, figures not recorded since 2008, according to the Ministry of Labour. Unemployment registered in April fell in all 17 Autonomous Communities, the most marked falls being in Andalusia (-20,551), Catalonia (-9,506) and Castile-La Mancha (-6,645). Year-on-year unemployment fell by 234,133 people (-7.75%). In…

Spanish economy 30th March 2023

AIReF says official unemployment rate does not reflect reality

Technically, for statistics in Spain to consider a person unemployed, he or she has to meet the administrative requirement of being registered with the SEPE (State Public Employment Service) and be in a position to immediately enter the labour market, which means that millions of unemployed people are lost in the statistics of job seekers. The official unemployment rate stands at 12.8%, which includes three million unemployed people, according to…

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