• In the last year 513,500 jobs have been created, with an increase of almost 3%
  • The unemployment rate drops to 22.37%, lower than that of the end of the last Legislature, and it is reduced 2.1 points compared to a year ago
  • The number of households with all their members unemployed decreased by 136,100 in the quarter

The Spanish economy created 411,800 jobs in the second quarter of the year in relation to the first, which constitutes an absolute record in the last ten years and the second best record in the entire historical series. In no quarter since 2005 has the employment figure been so positive in volume, according to data from the Labor Force Survey (EPA) published by the INE. In relation to the last year, job creation rose to 513,500 people, with growth of almost 3%. The total number of employed persons stands at 17,866,500 people, while the total number of unemployed persons decreased by 295,600, with a fall of 5.43%, to 5,149 million. The unemployment rate fell to 22.37% -lower than that of the end of the last Legislature-, which is 1.4 points less than in the previous quarter and 2.1 points below a year ago.

The labor market data is consistent with the improvement in the economic situation, whose estimated annualized growth for the second quarter stands at 4%. The Government's forecast is that this year 602,000 jobs will be created at the end of the year, with an average annual growth of employment of 3.2%. The EPA's second-quarter result supports these forecasts, as is the case with the number of unemployed, which is estimated to drop by 591,000 at year-end, with an unemployment rate of 21.1%.

Almost all of the employment created in the second quarter is generated in the private sector (412,200), while the variation in the public is practically nil. In the last year, employment has increased by 486,700 people in the private sector and by 26,800 in the public sector. The total of salaried employees with an indefinite contract increased by 60,800 people in the quarter, while temporary workers grew by 307,600. In annual variation, permanent employment has increased by 170,300 people and temporary employment, by 274,600. The temporary rate stands at 25.09%, 1.5 points more than the previous quarter.

Full-time employment rose by 430,200 people in the quarter, while the number of employed persons with part-time contracts fell by 18,500. The percentage of people who work part-time falls almost half a point, to 15.77%. In the last year, full-time employment has increased by 539,500 people, while part-time employment has decreased by 26,000.

By sector, job creation occurs in all of them in the second quarter. There are 291,700 more employees in the service sector, 64,800 in industry, 32,300 in construction and 23,000 in agriculture. In the last year, employment has risen in the services sector (247,900), industry (150,600) and construction (113,900). In agriculture there has been practically no variation.

The total number of unemployed stood at 5,149 million in the second quarter –also lower than the one at the end of 2011-, after registering a drop of 295,600 people, 5.43%. The unemployment rate falls 1.4 points, to 22.37%, a decrease that stands at 2.1 points if the last 12 months are taken into account. Households with all their active members unemployed decreased by 136,100, to a total of 1,657 million. For their part, the number of active members occupied was 202,200. In the annual calculation, the reduction is 176,400 and the increase is 386,000, respectively.



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