Three months after Vladimir Putin decided to invade Ukraine and almost a year after the CPI started climbing, the Spanish labor market is still in motion. Spain marks its fourth consecutive month in May Task aboveit was the best May in the last four years and 20 million active workers. The upcoming tourist season is blowing in their favour, and the rest of the uncertainty isn’t slowing Spanish labor market progress for now, according to data released this Thursday by the Ministries of Social Security and Labor. This has allowed unemployment to drop below three million for the first time since 2008 due to attrition and several months of job creation.
Despite the unexpectedly prolonged inflation and the war in Ukraine, international institutions and the Government had to lower their GDP growth forecasts, this decline in expectations is currently not reflected in employment data. Infers the unknown as to whether said reduction will come late It won’t be the first time hiring has fallen a step behind—or won’t come, and the Spanish labor market will stand up to the downpour.
Currently, what the statistics show is closing this May with almost 100,000 fewer people registered with SEPE, leaving the total number of unemployed at 2.92 million. This is a very high figure, one of the highest in the entire European Union, but it has managed to cross the symbolic threshold of three million unemployed. you have to go back The bursting of the housing bubble and the collapse of Lehman Brothers To find a date without an even number of unemployed in Spain.
The road was long, because unemployment continued as the voices of companies and closings echoed through that social and economic disaster, Five million unemployed across Spain by 2013. It took twelve years to recover; This shows that the Spanish labor market is far more efficient at rehiring or attracting workers from abroad who have been unemployed and unemployed for months than it is at rescuing a significant number of people who have lost their jobs 12 years ago and since. could not return to work.
However, this milestone of less than three million unemployed hides a certain negative bias towards women. Unemployment has decreased significantly among men compared to women, and although men have returned to 2008 levels, women are still in 2009.