Unemployment in Spain is declining-report
2022.12.02 04:54
Unemployment in Spain is declining-report
Budrigannews.com – On Friday, official data were published showing that, although the economy slowed down, Spain’s November was reduced by unemployment and net jobs, indicating a strengthening of the labor market.
Spain may eventually avoid a crisis this winter, as all major experts predict, thanks to this data, following other recent data that show a slight reduction in inflation, as well as higher retail sales growth.
On Friday, separate data was published that the number of tourists has also increased. According to the labor ministries, the number of registered unemployed Spanish citizens in November decreased to 33,512 people, which is 1.2% less than in the previous month. As a result, a total of 2.88 million people were unemployed, which is the lowest figure for November 2007.
According to seasonally adjusted data, 78,695 purely official workers were created in Spain during the month, which led to the total number of employees created reaching 20.32 million. This is 19 consecutive months in which jobs have been created, as stated in a separate report of the Ministry of Social Protection.
BME According to the latest IMF assessment published on Thursday, the study increased forecasts for Spain’s economic growth by 4.6% in 2022. According to the latest IMF assessment, forecasts for Spain’s economic growth by 4.6% in 2022.
Analysts predict growth of more than 1 by 2023, and the government of Spain predicts growth of 2.1 by 2023. In October, consumer spending was higher than expected, according to retail sales data last week, inflation fell to 6.6.
Last year, the end of the tourist seasons in November negatively affected employment in the Mediterranean. However, data on foreign tourists continue to show growth rates throughout the autumn and accelerate the market’s return to the level that existed before the crisis.
According to official statistics on Friday, the number of tourists who visited Spain in October increased by 39 compared to last month to 7.18 million people, although this is at least 7.59 million tourists who visited Spain in October 2019. In 2019, fewer tourists spend 830 billion euros or $ 873 billion.
The government believes that using European recovery funds leads to the fact that technical jobs are at a particularly high level.
