HE Ministry of Participation and Social Security It published its traditional monthly preview of the employment development this Monday and predicts that it will be the worst September since 2013. According to advanced data, in the first two weeks of the month, Spain 37,886 employeesCompared to the last two weeks of August. Even if the data is negative, September is usually the month of recovery in employment and positive balances, after the traditional slump in August and the end of the tourist season. According to data not corrected for the calendar, the average figure for the first 15 days is as follows: 20.64 million jobs all over Spain.
While it is unknown how much of the employment created in previous months can be maintained, the labor market is entering the last period of the year. And the spring was one of records, with historic highs being broken month after month for Social Security membership and 21 million active employees. A peak that is exceeded from time to time. This spring of good records, which at times exceeded the Government’s expectations, was followed by a slowdown after a summer in which there was an equal burn for job creation, but the upward trend was exhausted.
As we enter the last quarter of the year, data published by Social Security predicts a gap in September. What is normal in the ninth month of the year is that the employment balance is positive compared to the previous month. So much so that ever since 2013 Every September (the beginning of the end of the great financial crisis) kept more people busy than August.
It is common for colleges and schools to rehire staff they laid off during the holidays, and many companies make new hires to plan for the new year. But waiting to see how the second half of the month will develop, this 2023 aims to break this positive streak and deliver record losses.
The data, which does not correct for seasonal effect, leaves a negative conclusion, but the Government sticks to the figures after kitchen is applied and seasonal effect is corrected. According to them, membership increased 10,084 people compared to the average of the previous two weeks. Seasonally adjusted statistics allow us to more accurately measure not a specific snapshot of the labor market, but its development. And what has happened since September will lead to the conclusion that job creation continues its slowing trend, but is still moving in positive territory.
Source: Informacion
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