Spain gains 134,300 workers in October due to the push for education and records the largest increase in three years

The labor market stepped on the accelerator in October. In the tenth month of the year 134,307 jobs were created in Spain compared to September, according to membership data Social security released this Tuesday by the Ministry of Inclusion. Driven by the hiring of teachers, employment thus recorded its largest increase for the month of October in three years and the second most pronounced in the entire historical series. At the same time, the number of unemployed registered in the offices of the SEPE increased by 26,769 people, although it has remained at a minimum since 2007, according to data from the Ministry of Labor.

In total, Spain closed October with an average of 21.3 million workerswhich represents the highest volume of employed people for a tenth month of the year in the historical series. When going down to detail by day, it is observed that this average was exceeded in all days except last Thursday the 31st. In the last year, compared to October 2023, Social Security has gained 514,856 affiliates, 2.5% more .

The behavior of the month of October allowed us not only to improve last year’s figures for the same dates, but also to record the second largest increase in employment for the month of October so far this centuryonly surpassed by the 159,479 gained in 2021, still in full recovery after the pandemic. The 134,307 jobs created this year are close to the 130,360 generated in 2018 and represent a significant increase after the barely 8,800 jobs gained in September, the worst mark in five years. Even so, it does not compensate for the 194,704 jobs destroyed in August with the end of the summer campaign, therefore without reaching the record of almost 21.4 million workers touched in June and July.

On the other side of the coin, too he arrest increased in October by 26,769 people to reach a total of 2.6 million unemployedthe lowest figure for a month of October since 2007. This behavior is common at this time of the year. So far this century, unemployment has grown in October every year, except in 2021 and 2022, in full recovery after the pandemic. However, this year’s increase is the smallest for a tenth month of the year since 2006, when 26,670 unemployed were added. Last year around the same time, the number of unemployed people registered in the SEPE offices increased by 36,936 people. In the last year, since October 2023, registered unemployment has decreased by 5.7% by 157,350 people.

166,642 jobs in education

Job creation in October was fundamentally focused on the education sector, which gained 166,642 jobs compared to September. This was followed by artistic and recreational activities and construction, where 16,193 and 11,832 jobs were created respectively. The hiring of teachers practically explains the increase in Social Security affiliation and cushioned the declines registered in a dozen sectors. The most pronounced fall occurred in the hospitality industry, with the destruction of 48,106 jobs, to which were added 37,090 in healthcare and 12,208 in administrative activities.

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