Jobless figure falling, but it’s nothing to rave about

FIGURES released by the Employment Ministry show that there were 384,373 more registered workers in Spain last month than in December 2018.

This means the country’s total workforce stands at 19.4m, although the actual employment increase is the lowest in six years.

Not since 2013, a year in which employment rates took a hammering from the last recession, has there been such a small increase.

Steady rises continued since then until last summer, when the number of those registered on the Social Security as “employed” hit record levels.

However, signs of exhaustion have been reported, and a similarly-weak decrease has also been registered in unemployment levels.

In the last 12 months, the jobless total has fallen by 38,692 people, the lowest drop since 2012.

The drop in unemployment also slowed down locally, and Malaga took until last year to reduce its figure by 2,764.

That meant 148,485 were registered as unemployed at the end of the year, a drop of 1.83%, which was 50% of the 2018 total.

Despite the slowdown, however, Malaga is still reducing its number of unemployed at a more rapid rate than Andalucia

(-1.37%) and Spain as a whole (-1.21%).


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Posted by on Jan 10 2020. Filed under Local News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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