- Occupation increases by 2.65% annually, which translates into the creation of 478,800 jobs.
- Most of the employment created is concentrated in the private sector and is full-time
- The number of unemployed has been reduced by 530,000 people in the last year and the unemployment rate drops to 18.91%
- Since the worst moment of the crisis, 1,577 million net jobs have been created and there are almost two million fewer unemployed
The evolution of the labor market during the third quarter of the year follows the trajectory of improvement in line with the recovery of the Spanish economy. According to data from the Labor Force Survey (EPA) published by the INE, between June and September 226,500 jobs have been created, the highest number for a third quarter since 2005; that is, before the start of the recession. Job creation increases at an annual rate of 2.65%, 0.22 points more than in the second quarter, which translates into the creation of 478,800 jobs in the last year, up to 18,527 million employed. Most of the employment created is in the private sector and full time. The number of unemployed has decreased by 530,000 people, at a rate of 10.93% per year, to 4.32 million unemployed, the lowest level since the end of 2009. The unemployment rate stands at 18.91 %, 2.27 points less than a year ago, and falls for the first time from 20% in the last six years.
The figures for the labor market for the third quarter represent an advance in the objectives set for overcoming the crisis; especially, the goal of the 20 million employed and to continue reducing the unemployment rate. Since the worst moments of the recession (the first quarter of 2014 in the case of employment and the first quarter of 2013 in the case of unemployment), more than 1.57 million net jobs have been created and unemployment has decreased by 1,957 millions of people. The unemployment rate has since dropped eight points.
According to the EPA for the third quarter of the year, employment has increased by 226,500 people compared to the second quarter. Almost all employment has been created in the private sector (217,700), while in the public sector occupation has increased by 8,900. Wage earners with a permanent contract have decreased by 29,100 and those with a temporary contract have risen by 245,900, a figure that is related to seasonal factors, specifically, with greater activity in hospitality and tourism. By sector, employment in non-agricultural sectors increased, mainly in services, followed by industry and construction. All employment created is full-time (330,500 more people) while the number of employed with part-time contracts decreases (104,000 less).
In the last twelve months, employment has increased by 478,800 people, the majority in the private sector (96.3% of the total) and full-time (532,100 more people). Employment has been created in all sectors, especially in services, but also in agriculture, construction and industry. The number of employees with an indefinite contract increases by 213,100 and those with a temporary contract increases by 242,600. With this, the temporary rate stands at 26.96%, 81 hundredths higher than that of a year earlier.
Regarding unemployment figures, in the third quarter there was a decrease of 253,900, to 4.32 million, the lowest level since the end of 2009. Unemployment fell in the quarter in all sectors, especially in that of services. The number of unemployed people who lost their job more than a year ago decreases by 123,500 and decreases by 1,600 unemployed those seeking the first job. In the last year, unemployment has decreased by 530,000 people, at a rate of -10.93%. It falls in all sectors except industry, which is maintained.
The unemployment rate stood at 18.91% in the third quarter of the year, 1.09 points less than in the second quarter and 2.27 points below a year ago. In the last twelve months, the number of households with all their active members unemployed has decreased by 134,700, to 1,438 million. For its part, the number of households in which all active members are employed has increased by 357,000, to 9,823 million.