unemployment

Spanish economy 29th July 2024

Spain: unemployment decreases by 52,900 over last 12 months

According to the Economically Active Population Survey (EPA), prepared by the National Statistics Institute (INE), the number of employed persons increased in interannual terms by 434,700 persons in 2Q2024 and reached 21,684,700. The quarterly variation rate was 2.05%. Employment rose in 2Q2024 in all sectors: Services (304,000 more); Industry (63,400); Construction (61,100); and Agriculture (6,100). The quarterly variation rate of employment in seasonally adjusted terms was 0.37%.Unemployment fell by 222,600…

In the World 6th November 2023

First signs of weakness in US labour market: unemployment up slightly to 3.9%

BancaMarch: First signs of weakness in the US labour market, known on Friday. On the one hand, the Non-Farm Employment Creation figure was below 200,000 jobs, and practically half of September’s figure (150,000 against 180,000 expected and against 297,000 of the previous month, revised downwards). In line with the lower job creation, we also saw unemployment rise by one tenth of a point to 3.9%, a rise that came in…

Spanish economy 5th July 2023

Unemployment falls by 50,268 in June and drops to 2008 levels, under 2.7 million

CdM | The number of unemployed registered in the offices of the State Public Employment Service (SEPE) fell in June by 50,268 (-1.8%). This brings the total figure to the lowest since September 2008, falling below the 2.7 million mark to 2,688,842 unemployed. REGISTERED UNEMPLOYED TRENDS The Ministry of Labour and Social Economy stresses that this decline, which is widespread throughout the country, affects all sectors and all age groups,…

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 27th April 2023

Unemployed in Spain in 1Q23 up to 3.13 M compared to 3 M at end of 2022

Bankinter : The unemployment rate has risen in the first quarter of 2023 to 13.26% from 12.87% previously and versus the 13.0% expected. The number of unemployed has risen to 3.13M (as opposed to 3.0M at the end of 2022). The activity rate remains fairly stable at 58.55% (versus 58.52% previously). Analysis: the labour market is deteriorating more than expected and continues to slow down from 12.48% in 2Q 2022;…

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…

Spanish economy 21st March 2023

Sugar-coating the stats: ‘effective’ unemployment rises by 2.5% in the legislature, government figures say ‘registered unemployment’ falls by 7.9%

The number of people who are not working and are registered with the public employment services even though they are employed by a company stood at 643,633 people in February, a figure that doubles that recorded in December 2019 and dismantles the optimistic employment balance of the coalition Executive: without counting these people, registered unemployment fell by 7.9%; including them, it grew by 2.6%, by 89,727 people, explains the newspaper…

Spanish economy 8th March 2023

Government admits 443,078 unemployed were counted as “fixed discontinuous employees” at end of 2022

In Spain there are 443,078 inactive workers with permanent discontinuous contracts who are looking for work but are not counted as unemployed. And 61% of them were collecting unemployment benefit at the end of 2022. Fedea -Fundación de Estudios de Economía Aplicada- claims that “effective unemployment” increased by 315,000 people at the end of 2022, compared to the fall of 34,000 as reported by the Ministerio de Trabajo (Department for…

Spanish economy 2nd March 2023

Number of unemployed in Spain increases by +2,618 people in February

Bankinter : The number of unemployed increased in February by +2,618 persons (after +70,750 in January). It stands at 2.91 million (+0.1% month-on-month and -6.4% year-on-year). The seasonally adjusted number of registered workers increased to 20.38 million (+0.4% month-on-month and +2.2% year-on-year). Analysis: The number of unemployed increased slightly in February, for the second consecutive month. The average for the last 10 years in February is +21.2 thousand workers. The…

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