• Most of the annual employment is created in the private and full-time sector and more than half is undefined
  • During the first semester, occupancy grows at an annual rate of 2.9%, a rate similar to that of a year ago
  • The number of households with all their unemployed members falls to 163,800, to a total of 1.49 million

The Spanish economy created 434,400 jobs in the last 12 months, according to data from the Active Population Survey (EPA) for the second quarter of the year, as published by the National Institute of Statistics (INE). This figure represents an annual employment growth of 2.43% and places the total number of employed at 18.3 million. Most of the employment that has been created in the last year is in the private and full-time sector and more than half is undefined. Unemployment drops by 574,300 people, to a total of 4,574 million, which reduces the unemployment rate to 20%, 2.37 points less than a year ago. The number of households with all their unemployed members drops by 163,800, which puts the total number at 1.49 million.

EPA data for the second quarter show that the Spanish economy maintains an intense rate of job creation and a sharp reduction in unemployment. The annual variation figure is the one that eliminates the seasonality factor and indicates that, if the first half of 2016 is considered, employment grows at a rate of 2.9% compared to the same period of the previous year, a rate very similar to the of the first six months of 2015. On the other hand, in the second quarter of the current year 271,400 jobs have been created with respect to the first, with an increase of 1.51%. The total number of employed people thus rises to 18.3 million, a figure that, at current rates, will reach 20 million people employed at the end of 2019, as provided for in the Stability Program.

Most of the employment created during the last year is concentrated in the private sector. Specifically, 395,700 people have found a job in private enterprise in the last twelve months, while 38,700 have achieved it in the public sphere. In the second quarter there has been an increase in employment by 294,600 in the private sector and a drop of 23,200 in the public. The sectors with the highest increase in annual employment are services, followed by agriculture, while it has fallen in construction and less in industry. In the quarter, employment in the services sector has also increased, followed by construction and industry, while decreasing in agriculture.

Regarding the quality of salaried employment, more than half have been created indefinitely, with a total of 223,300 new jobs in the last year, compared to 202,200 temporary jobs. In the quarter, the fixed increase in 86,400 compared to 166,300 that increase the storms. The temporary employment rate has been 25.72%, 63 hundredths higher than a year earlier. The total employment created in the last year is full-time with an increase of 451,500, compared to a drop of 17,100 in part-time jobs. In the quarter there has also been an increase in full-time employment (301,100 people) and a fall in part-time (29,800).

Unemployment has fallen by 574,300 people in the last year, which represents a fall of 11.15% and places the total number of unemployed at 4.574 million people, the lowest level since the end of 2009. In the quarter, unemployment It is reduced by 216,700 people, which is 4.52% less than in the first three months of 2016. The unemployment rate thus stands at 20%, the lowest since the third quarter of 2010. In relation to one year, the percentage of unemployed over active population has been cut by 2.37 points.

Among people who lost their jobs more than a year ago, unemployment has been reduced by 107,900 in the quarter, although it increases by 40,800 among those seeking their first job. In the year, both groups have been reduced. The unemployed who lost their job more than a year ago fell by 427,300 and those seeking the first job, at 88,900. The number of households with at least one active member in which all of them are unemployed at 163,800 in the last year has also decreased, to a total of 1.49 million households in this situation. Households with all their active active members have grown by 368,600, to a total of 9.66 million.

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