Employment reached a new record in Spain during the third trimester with 21.82 million employed after adding 138,300 jobs in the summer months, figures that had not been seen before. The unemployment rate has fallen to 11.21%the lowest since 2008.
According to data from the active population survey (EPA) for the third quarter published this Friday by the National Institute of Statistics (INE), unemployment fell in the third quarter by 1,200 people, reaching 2,754,100. The number of assets rose again in these months by 137,100, up to 24,577,100also maximum in the series.
As a corollary, between July and September, the activity rate rose a little more than a tenth, up to 59.04%.
Carlos Body, Minister of Economy, Commerce and Business, has highlighted that the EPA data for the third quarter reflects “very positive” labor market behaviorwith “new highs in employment, active population, workers in the private sector” and a reduction in the number of unemployed.
The number of employees in the private sector exceeded 18.2 million after increasing by 155,500 workers in the summer months (+0.8%). On the contrary, Public sector workers fell by 17,100 people (-0.5%) in the third quarter, reaching a total of 3,540,800 people. In this way, all the employment created in the third quarter was generated in the private sector.
The decrease in unemployment in the third quarter of this year contrasts with the increases recorded in the summers of 2023 and 2022when unemployment rose by 92,700 and 60,800 people, respectively. In the third quarter of 2021, unemployment decreased by 127,100 unemployed people.
In the last year unemployment has been reduced by 140,400 people (-4.8%) and 376,600 jobs have been created (+1.7%), while the volume of assets has increased by 236,100 people (+1%).
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