Finally, the economic crisis generated by the war in Ukraine has reached the Spanish labor market. This is indicated by the data from last month. The Unemployment rises in July for the first time in 14 years. He hadn’t since 2008. Also, job creation stalls. What’s more: if the data is not cleaned and seasonally adjusted, Social Security loses 7,360 affiliates.
The number of unemployed in Spain rose in July by 3,230 people, to 2,883,812. This represents 0.1% more unemployment than in Junealthough the Ministry of Labor presumes that it is the lowest unemployment figure in the last 14 years.
Despite this, This is the first increase in unemployment in July, precisely, since 2008. This is a striking fact, since in this month the summer campaign and its generation of jobs retains its effects. In fact, since the current millennium began, unemployment has only increased this month in 2005, 2007, 2008, and now 2022.
[El paro marca mínimos desde 2008 al bajar de los 3 millones y los ocupados superan los 20,5 millones, según la EPA]
From the department headed by Yolanda Díaz, the “international uncertainty” of this increase in unemployment, which was “significant from the middle” of July. According to Labor, “the loss of jobs affects contracts prior to the entry into force of the labor reform“.
The increase in unemployment was especially pronounced in the sector services, in which it increased by 11,238 people, especially in the area of education (in which unemployment rose by 23,708 people) due to the end of the school year. It also rose slightly in agriculture and construction.
By autonomous communities, the main increases in unemployment were recorded in Catalonia (3,310), Castilla-La Mancha (2,705) and Community of Madrid (2,432). Meanwhile, unemployment fell in eight regions, led by the Valencian Community, Andalusia and Asturias.
Despite these data, the effect of the labor reform is maintained in hiring. The total number of contracts registered in July was 1,665,515, of which 41.44% were of an indefinite nature. This multiplies by four the historical average.
In the case of Social Security affiliates, a significant stagnation in July. Even a slight reduction in busy if the data are analyzed without correcting for seasonal effects.
In seasonally adjusted terms, the employed rose to 20.1 million, 9,104 more than in June. This assumes that a total and complete bankruptcy of the forecasts made by José Luis Escrivá in the middle of last month.
At that time, the Minister of Inclusion, Social Security and Migration estimated that 30,000 new jobs would be created in July, according to the experimental statistics developed by his department. Finally, not even a third of the planned employment has been created.
However, it is no less important to note that In non-seasonally adjusted terms, employment falls. Specifically, the average number of employed persons stood at 20.3 million in July, 7,360 (-0.04%) less than in June.
According to the Ministry of Social Security, this is “probably due to a preview of hiring decisions this summer“.
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