he’s getting closer winter. The slogan that dazzled ‘Game of Thrones’ fans describes the current cooling phase that the game is in. Spanish labor market. October data sheets Increase in Social Security membership of 92,861 employeestotal number of active employees 20.8 million people.
HE unemploymentIn October, it increased by 36,936 people and reached 2.75 million people, reaching the lowest figure in this month since 2007.
The employment creation data is large in itself, as no other autumn in Spain has so many active workers. Although if you look at the evolution rather than the photo, the numbers are very small. After a record spring, the Spanish labor market finds it increasingly difficult to create new jobs. And if you compare the results of this October with those generally left by previous ones, they lose their strength. you should go back 2015When Spain begins to leave the country great recessionFinding the tenth month of the year very prudent in terms of employment creation.
The Ministry of Participation and Social Security generally uses seasonally adjusted data as an indicator of the economic pulse. These strip out the calendar effect and the typical fluctuations of an economy that is heavily dependent on weather, among others, to create employment. Well, these leave a balance of just 5,077 new employees in October; This means a very slight increase in employment. 0.02%. It is 15 times less than in the spring of the same year and four times less than in October of the previous year. The slowdown that the data pointed out in the summer months was confirmed in the autumn.
Education is increasing, accommodation and healthcare are decreasing
labor reform For now, it has managed to mitigate some of this calendar impact, with less boom in job creation in the good months and less destruction in the bad months. But hiring numbers still leave a large dose of volatility. For example, on the first day of October, nearly a million registrations and cancellations were signed, evenly distributed.
And those doses are also noticeable in the statistics that spurred employment this October. education It was the sector that pulled back employment by rescuing all the professionals it sent to unemployment during the summer months, only to be rehired later with the start of the course. The employment gain has been particularly explosive, with 191,154 members across the region. On the other side of the coin hostel He completed several reinforcements that he had not sent to the Sepe lines a month ago. Here, the negative balance was used by 50,316 people. The health sector, which was restructured after the Covid earthquake, lost 33,095 members.
The fact that some sectors are booming more partly explains why employment increased this October, mainly through women. For men, the rate increased by 0.9% compared to 0.1%. The labor force participation gap includes 10.9 million workers and 9.8 million women, despite the fact that more women than men participated in the labor market last year. Reaching the record of 10 million female jobs for the first time in Spanish history before the end of the year looks complicated.
Madrid and Valencia increase employment
By regions, Those that achieved the greatest acceleration in employment were the Community of Madrid (42,657) and Valencia (35,516).). After a rather weak start to the year for the provincial capital, the Madrid labor market continues to expand in the last part of the year, adding jobs for two consecutive months.