Registered unemployment has risen in the Valencian Community by 13,093 people and has done so in the three provinces and in three of the four sectors: industry, construction and services. The Community also leads the regional ranking in the rise in unemployment, both in absolute terms and in relative terms.

To this we must add that both hiring and affiliation fall in this Community more severely than in the Spanish economy as a whole.

Provincial analysis

In Alicante, there are notable increases in unemployment in construction (7.2%) and in industry (6.4%) at an inter-monthly rate. The increase in unemployment in services -2,444 people- raised unemployment by 2.6% in the inter-monthly rate; half a point above the national average. On the contrary, unemployment fell slightly in agriculture and in the group without previous employment.

Less intense as a whole was the increase in unemployment in the province of Castellón, in which unemployment rose 4.3% in construction; 2.8% in services and 2.6% in industry. As in the rest of the provinces and on a national average, unemployment fell in Castellón in the agricultural sector and in the group without previous employment.

In the province of Valencia, the severe increase in unemployment in the construction sector stands out, where the number of unemployed increased by 8.1% in the inter-monthly rate; 4 points above the national average. In absolute terms, the services sector registered 5,425 people more unemployed than in the previous month, which meant an increase of 4% in inter-monthly rate; about twice the national average (2.1%). In the industrial sector, unemployment rose 5.2%; 2.4 points above the national average. In agriculture and, further away, in the group without previous employment, unemployment fell in the month of August.

Sectorial analysis

As a whole, seasonal and sector specialization factors have an important weight in the evolution of unemployment in the months of August. However, the differential of the increase in unemployment registered in the Valencian Community in this month with respect to the national average is very worrying: 3.2 p.p. in construction; 2.7 p.p. in industry and 1.2 p.p. in the macro-sector services.

Therefore, in view of the international context that confirms the change in the economic cycle and the short distance that the new measures in monetary policy may entail, the Business Confederation of the Valencian Community, CEV, urges the formation of government and, from there, the configuration and implementation of economic policy measures – both nationally and autonomously – that reduce the degrees of uncertainty to which the domestic economy is subjected and raise their Competitiveness levels

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