- 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 at the end of the last Legislature, and reduced 2.1 points compared to a year ago
- The number of households with all their unemployed members drops 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, as can be seen from the data from the Active Population Survey (EPA) published by the INE. In relation to the last year, job creation rises to 513,500 people, with a growth of almost 3%. The total number of employed persons stands at 17,866,500 people, while the total number of unemployed is reduced by 295,600, with a fall of 5.43%, to 5,149 million. The unemployment rate drops to 22.37% – lower than at the end of the last Legislature -, which means 1.4 points less than in the previous quarter and 2.1 points below a year ago.
The labor market data are consistent with the improvement of the economic situation, whose estimated annualized growth for the second quarter is 4%. The Government's forecast is that this year 602,000 jobs will be created at year-end, with an average annual employment growth of 3.2%. The result of the second quarter EPA supports these forecasts, as with the number of unemployed, which is estimated to fall by 591,000 at the end of the year, 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 26,800 in the public. The total number of employees with an indefinite contract increases by 60,800 people in the quarter, while the temporary ones increase by 307,600. In annual variation, indefinite employment has increased by 170,300 people and temporary employment by 274,600. The temporary employment rate stands at 25.09%, 1.5 points more than the previous quarter.
Full-time employment rises by 430,200 people in the quarter, while the number of employed persons with a part-time contract drops by 18,500. The percentage of people working part-time drops 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 dropped by 26,000.
By sectors, job creation occurs in all of them in the second quarter. There are 291,700 more employees in the service sector, 64,800 in the industry, 32,300 in construction and 23,000 in agriculture. In the last year, employment has increased in the services sector (247,900), industry (150,600) and construction (113,900). In agriculture there has been virtually no variation.
The total number of unemployed stands at 5,149 million in the second quarter – also lower than at the end of 2011 – after registering a fall 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 that have all their active members unemployed decrease by 136,100, to a total of 1,657 million. On the other hand, there are 202,200 people who have all their active members occupied. In the annual calculation, the reduction is 176,400 and the increase is 386,000, respectively.
