02:06 PM · Comments Off on Unemployment falls in Spain · Categories: News from Marbella Costa del Sol · Tags: , , ,

The total number of unemployed fell in the fourth quarter in Spain from October to December by 8,400 people in the previous quarter to stand at 5,896,300 people, this data which changed the unemployment rate at 26.03% of the active population according to a report by the National Institute of Statistics ( INE ). In 2013 the total number of unemployed people fell by 69,000  to 5,896,300 – (expansion.com)

This is the lowest drop registered for the first time since the second quarter of 2007

The increase in the annual rate of unemployment in 2013 up to 26.03% ( 26.02% in 2012), has been reduced by 267,900 people in the labour force during the year, reaching 22.65 million, a figure that makes up for the drop in unemployment.

In terms of job losses in the last quarter of the year, employment fell by 65,000 to a total of 16,758,200 breaking a streak of two consecutive quarters of job creation.

Unemployment down

Unemployment down

Compared with the previous quarter the biggest declines in unemployment occurred in the Canary Islands ( 21,600 fewer people), Catalonia ( 20,100) and the Principality of Asturias ( 11,400 ), while the largest increases have occurred in the community of Madrid ( 37,400 more unemployed ), Balearic Islands ( 29,100 ) and Castile and Leon ( 9000 more).

This quarter occupancy decreased by 30,200 persons in private employment and 34,800 in public employment while over the whole year the reduction was 121,400 people and 77,500 public workers and private workers.

By sector in the last 12 months alone employment was created in agriculture ( 85,200 jobs ), while services fell sharply ( 109,100 ), construction fell ( 35,200 ) and so did manufacturing by ( 6,000).

unemployment_spain