After a five-month period against rising prices and supply shortages, most Task recorded his first brake. The busyness was never lost in July, and this is the first time this year, leaving the first signal of alarm in the face of a complex fall. on his behalf, unemployment they took it again freelancers And while all this is more firmly grounded by the new labor reform, it invites us to talk about a change in the cycle, as permanent contracts continue to rise and employment continues to stabilize despite bad numbers. These are the keys to the membership data released this Tuesday by the Ministries of Labor and Social Security.
Employment: worst July in history
One of the best data of statistics June Spain jumps to worst data July. The cooling of the labor market has accelerated in recent weeks and the first effects of ever strength against inflation have been seen. Spain lost 7,365 Social Security members in July, a modest decline had it not been for the fact that the number of previously employed people never dropped. This is maintained in total 20.3 million active workers, very close to the historical maximum recently reached, but leaving the first sign of a change in the cycle and an autumn of business destruction. Now the question is how much will be lost.
The decline is explained by a three-factor cocktail. On the one hand, employers highlighted hiring with no restrictions for the first summer campaign, and this was recorded in the June (positive) and July (negative) figures. A second dimension is the impact of the CPI crisis, which has not been noticed until now and upset the estimates of the Ministry of Social Security 15 days ago. The third is explained by the mass layoffs of temporary workers in the country. EducationA summer classic that rebounded in September and with no labor reform to tie it down—for now.
115,528 teachers, dining room guards, overseers, and others set up training centers on the streets this July, intensifying much of the business destruction there. Employment in agriculture and construction was also lost, although significantly less, and the Government attributes this to the high temperatures in recent weeks.
Unemployment: recovery and highest increase since 2008
If employment tends to increase in July, unemployment It usually falls, and neither one nor the other this month. Unemployment rose slightly, at 3,230 people, but rose for the first time in July since 2008. The increase in references has allowed the labor market to leave less than three million unemployed, especially as it closed the month with 2.8 million people looking for work but not finding it. It is the highest rate in the entire European Union, although it has decreased by almost a million people in the last two years. The increase in unemployment was not evenly distributed between men and women, with a 0.1 percent decrease among the former and a 0.3 percent increase among the latter.
Self-employed: entrepreneurship loses cash
More unemployment and less among wage earners freelancers active Social Security lost 10,422 self-employed, the biggest decline since 2009 and the first decline in five months. RETA members had shown great resilience since the onset of Covid, reinforced by public assistance from the Government, which for the first time came in a generalized form within the group. The month closed with a total of 3.3 million self-employed at the expense of how it developed over the next few months and how it got the new contribution system, which will come into effect from 2023.
ERTE: slight decrease
This July’s data did not translate into an increase in ERTE-affected workers, despite mentioning the CPI crisis. A group that for months now represents a percentage in the labor market. They were partially or completely in ERTE in July, 21,135 employees, about 500 less than a month. In other words, the figure remains practically unchanged despite initial inflationary responses, and companies adjusting their workforce do not resort to this mechanism for the time being. Its suitability will be tested in the fall, when employment traditionally suffers after the summer campaign.
Catalonia and Balearic Islands attract employment
Catalonia has been with Balearic Islands, were the two engines of employment during the month of July, while half of Spain lost their jobs. The tourism season has marked the evolution of employment, with the majority of coastal autonomies contributing new members to Social Security and two of the two most economically important regions. Madrid Y Andalusia, leading business destruction. Unemployment in the Catalan provinces rose 1%, the largest increase since 2009; along the lines of all Spain.
Employment in Catalonia increased by 13,306 people, similar to that recorded in July 2019; A total of 3.65 million active workers, there has never been more employment in Catalonia. Girona, Tarragona Y leida compensation with kickback Barcelona and contributors increased, supported by the latest recruiting of the summer campaign.
Source: Informacion
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