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Saturday, September 21, 2024

Spain’s unemployment rate falls

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madrid: The number of unemployed people in Spain decreased by 130 people last year, by 197 people, according to data released by the Ministry of Labor, Social Economy and Economy.

A total of 2,707,456 people are currently unemployed in Spain, a decline of 4.59% over the past 12 months and the highest number since 2007 at the beginning of the year, according to Xinhua news agency.

Unemployment rates fell in all sectors of the economy last year, with 81,333 people unemployed in the services sector, 17,731 people in industry, 15,483 people in construction, and 13,339 people in agriculture.

According to the data, 1,616,973 women are currently registered as unemployed in Spain, compared to 1,090,483 men.

Last year, 539,740 new jobs were also created in Spain. This means that 20,836,010 people are registered as employed in the Spanish social security system.

“The number of women is at its lowest level since 2008, there are 15 million workers on indefinite contracts, and unemployment is at its lowest level in 16 years,” Secretary of Labor Joaquín Pérez Rey said at a press conference. said. .

“This shows that if there is a determination to govern for the majority and a government takes courageous decisions, it can transform a labor market that until recently was a source of suffering but is now beginning to show stability. It shows.”

Despite the positive news, there are some worrying signs in the data for the future.

The number of unemployed people fell by 27,375 in December, the smallest decline in 10 years (excluding 2020, which was affected by the pandemic), indicating a possible economic slowdown in 2024. there is a possibility.



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