Employment in Spain on the up in first quarter of 2015

Employment in Spain rose by 3% in the first quarter of this year

LAST UPDATED: 4 May, 2015 @ 23:28

SPAIN’S economic recovery appears to be becoming a reality as employment rose by 3% in the first quarter of this year, compared to 2014.

jobsOverall more than 500,000 people have returned to work over the past year, while the recent data also revealed that the number of jobless fell by 8% too.

Economists say the recovery is picking up across various sectors and that consumer confidence and spending will rise as a result.

However, the unemployment rate remains at 23.8%, with more than 5.4million Spaniards still out of work.

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  1. Good news, but of course Summer always brings more jobs in the tourism sector. Let us see what happens out of the summer season. Are these jobs long-term “quality jobs”?

  2. Good to see employment rising even in the 1st quarter (note to Fred – the first quarter is not the summer season). The rises will become more solid as the property market clicks back into gear – note that this won’t mean a return to the crazy rises of the early 2000s, but a growing construction industry will use labour. GDP rise predictions are being revised upwards by various agencies and govt bodies too. Surprising though to see mortgage figures rise by 29% in Spain so far this year.

  3. Squiddy, the unemployment rate in Spain increased to 23.78% in the first quarter of 2015 from 23.70% in the fourth quarter of 2014 (National Statistics Institute, INE). Unemployment is therefore up on the same time last year. There are many ways of presenting unemployment figures and it’s best to compare a larger time period. Any news on lessening the unemployment figures is, of course welcomed, as there is no recovery otherwise.

  4. The latest figures released from Spain’s Ministry of Employment today show that the vast majority of jobs that have been created in Q1 of 2015 are low-skilled and of a short-term nature. Some 6.7% of jobs were permanent contracts, while 91.7% were temporary contracts. A quarter of these temporary jobs lasted for a period of seven days, or under.

    This is the truth behind Spain’s job creation figures, and of course with an election looming Rajoy has embellished the data to make it sound more impressive.

  5. Job growth continues in Spain. A fall of 119,000 in the April unemployment figures – more significantly a rise of 175,000 in the people paying into Social Security (whether in a new job or starting a new autonomo business). Expect to see several years of this as the property market recovers to a normal growth level, and internal demand grows.

  6. @Squiddy: “Job growth continues in Spain”. What “growth” do you mean? As per the Ministry of Employments own records, the jobs being created are all unskilled and in the vast majority of cases, are all temporary (25% of them were under 7 days). It is the type of jobs that reveal the true nature of the so-called “growth” in employment that you mention.

  7. You speak as though you are a property expert GUAQ but you’ve never owned property in Spain. Also under one of your forum names Trampa 501 on another website you posted on 4th March this year that UK property ‘prices are 60% higher than they should be’ as if you’re an expert on there as well. This suggests that you don’t own your property in London but rent, otherwise why keep trashing London and UK property? You do live in London don’t you? No-one of sane mind would try and talk down their own property by 60% would they? However, despite never owning in Spain you continually talk it’s property market up on all forums under your multiple aliases.

    Can you outline your credentials as to your property expertise/background in both Spain and the UK?