The Summer Season Is Over In Spain; Unemployment Rises In September

employment office

The number of unemployed people registered with the Spanish unemployment office rose by 22,801 (+0.6%) in September. Even so, the total number of jobless people remained at the lowest level for the last seven years at 3.720.297, according to a statement from the Employment Ministry on Tuesday.

September marks the end of the summer season, so it’s a month when the trend in jobless figures is usually less favourable. From the start of the historic series, unemployment has fallen in this month on three occasions (in 2005, 2006 and 2007) and risen on 18.

In seasonally adjusted terms, the number of unemployed people fell by 16,906 in September.

Record number of hirings

In September, 1.907.000 contracts were registered, a record figure for this month of the year in the historic series, and representing a 6.2% rise from a year earlier. Of this amount, 171,012 contracts, or 8.97% of the total, were indefinite, almost 12% more than in September 2015. And of the indefinite contracts, 90,805 were full-time, an increase of 10.9% on a year earlier, while 80,207 were part-time (up 12.9%).

In the ninth month of the year, there were over 1.7 million temporary contracts, of which 23.3% were casual work contracts as a result of circumstances related to full-time production, and 27.8% for work or services, also for a full-day. Temporary contracts on a part-time daily basis accounted for 33.6%.


About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.