The labor market is progressing with 88,918 new associates in February

He number of unemployed registered in the offices of public employment services increased by 2,618 people in February compared to the previous month (+0.09%) after the end of the sales campaign and driven by the growth of unemployment among young people, women and foreigners, according to data published by the Ministry of Labor this Thursday.

The department headed by Yolanda Díaz pointed out that the “slight” increase in unemployment recorded in February, of “barely” 0.1 percent in percentage terms, reflects a “stability trend in the labor market”, writes Europa Press.

The increase in February this year, the second-highest after that in January, contrasts with a fall of 11,394 people in February 2022, but is below the February average over the past 15 years, which shows an increase of 35,280 unemployed. Since the beginning of the comparable historical series, in 1996, unemployment has increased 13 times and fallen 15 times in February.

After the increase in February, the total number of unemployed was 2,911,015 unemployedwhich is its lowest figure in the month of February since 2008, according to Trabaj.

Seasonally adjusted, registered unemployment decreased in the second month of 2023 by 6,345 persons.

Last year, unemployment accumulated a drop of 200,669 unemployed, which is 6.4% less, with a drop in female unemployment by 96,427 women (-5.4%) and a drop in male unemployment by 104,242 men (-8.2%).

social security in February, it added an average of 88,918 associates, which is the largest hiring increase for this month since 2015.. With this increase in employment, which improves compared to 67,111 in February last year, the number of average associates is 20,170,142, reports Efe.

Unemployment is growing among women and young people

Unemployment fell in February in the service sector, with 3,868 fewer unemployed (-0.19%); in industry, where it fell by 2,399 persons (-1%), and in construction, which lost 2,392 unemployed (-1.07%). However, these reductions could not offset the increase in unemployment in agriculture (+1,138 unemployed, +1%) and above all in the group without a previous job, where it increased by 10,139 persons (+4.1%).

Unemployment increased in February among women and descended among men. More specifically, female unemployment increased by 4,135 women (+0.2%), compared to a decrease in male unemployment by 1,517 men (-0.1%). Thus, at the end of February, the total number of unemployed women increased to 1,744,220 persons, while the number of unemployed men amounted to 1,166,795 unemployed.

By age, unemployment among young people under 25 increased by 11.8 percent in Februarywith 11,862 more unemployed than at the end of January, while the unemployment of people aged 25 and over fell by 9,244 (-0.3%).

After the increase in February, the total number of unemployed people under the age of 25 rose to a total of 215,366 unemployed people. Nevertheless, it is his lowest figure in the month of February in the historical series, as emphasized by the Department headed by Yolanda Díaz.

Unemployment is decreasing in nine communities

Registered unemployment increased in February in eight autonomous communities and fell in nine. The biggest increase was recorded in Madrid (+5,040 unemployed), Canarias (+2,726) and Murcia (+1,583), while the biggest decline was recorded in the Community of Valencia (-1,632 unemployed), Castilla y León (-1,542 unemployed) and Castilla-La Mancha (-1,309). .

As for the provinces, unemployment fell in 36 of them, especially in Valencia (-981 unemployed), Asturias (-903) and Huelva (-852), and increased in the remaining 16 provinces, mainly in Madrid (+5040 unemployed). , Las Palmas (+1,746) and Murcia (+1,583).

Registered unemployment among foreigners increased by 5,104 unemployed compared to the previous month (+1.4%), reaching the total number of unemployed immigrants of 375,988, which means 13,275 unemployed less than a year earlier (-3.4%).

Fixed-discontinuous contracts

In February 1,084,802 contracts were registered24.9% less than in the same month of 2022. Of all of them, 493,200 were contracts for an indefinite period, which is 55.6% more than in February 2022, reports Europa Press.

A total of 45.46% of contracts concluded in February were for an indefinite period, which is a higher percentage than that recorded in January, when the share of contracts for an indefinite period was 44.16%.

Of the total number of open-ended contracts concluded in February, 230,635 of them were open-ended, 32.6% more than in the same month last year; 141,305 of them were for an indefinite period, which is almost three times more than the previous year (+196.9%), and 121,260 were for an indefinite period (+27.2%).

Of all the contracts signed in February, 591,602 of them were fixed-term contracts, which is 47.5% less than in the same month of 2022.

In the first two months of this year, slightly more than one million contracts were concluded for an indefinite period, 84.2 percent more than in the same period in 2022, and 1.26 million for a fixed period, 49.2 percent less.