Employment slowdown: Spain lost 7,365 jobs in worst July

No time to read?
Get a summary

After months of rising inflation and supply bottlenecks, the labor market experienced its first decline in July. Summer contracts run out after a record June most Social Security 7,365 employees lost in the seventh-worst month of the year in historical seriesAccording to data released this Tuesday by the government. Never before has Spain produced in July Although employment managed to maintain the level of 20 million active workers,. Employment falls, unemployment risesas a reference, but for the first time since 2008 when the double financial and real estate bubble burst and Spain plunged into one of its worst crises.

prophecies of a hard autumn In the economic field, they are getting the first signals from the labor market in the data for this month of July. Until then, this had been a somewhat alien field to war and its atrocities. Without going further, June left a historic surge in Social Security benefits, and perpetual contract numbers hit record after record after the new labor reform took effect. Y that the shrinking impulse of companies in June cannot be explained before this July recessionconsumed the same and already combined everything necessary for the summer campaign.

That’s a big part of last month’s bad data, mass layoffs of temporary workers in education, It’s a summer classic that rebounds in September, and there’s no labor reform to bind it – for now. 115,528 teachers, dining room guards, monitors and others have placed training centers on the streets this July and concentrated most of the business destruction there. The problem with other unions is that new members are hardly ever produced. Although this seasonal factor doesn’t hide the poor record employment left this July. pulling statistics seasonally adjustedJuly 2022 was the worst since 2013.

Although this seasonal factor doesn’t hide the poor record employment left this July. According to seasonally adjusted statistics, July 2022 was the worst since 2013. Labor ministers Yolanda Díaz and Social Security ministers José Luís Escrivá were paving the way with their latest statement on the possibility of dropping statistics as July did. That’s all, worse than expected in the middle of the month for the latter.

No time to read?
Get a summary
Previous Article

‘War’ on cat: ‘invasive alien species’ declared in Poland

Next Article

Industry left Stellantis without PERTE in minimal project submitted for Vigo