Curuxeiras Dock Terrace, in a file photo. Author: JOSE PARDO
The number of unemployed registered in the offices of the Institute public employment services In March, it was reduced by 48,755 people compared to the previous month (-1.67%), driven by a decrease in unemployment in the service sector due to employment for Easter,
According to data published by the Ministry of Labor this Tuesday, the percentage drop in registered unemployment in March is the largest in this month since 2002.
The total number of unemployed in Spain was 2,862,260 unemployed, which is the lowest figure for this month since 2008.
The department headed by Yolanda Díaz emphasized that the drop in unemployment in March was “particularly positive in the international context of uncertainty”, especially “in the financial field”.
The fall in unemployment in March of this year, which ended two consecutive months of progress, far exceeds that of March 2022, when as soon as the war in Ukraine broke out, unemployment fell by only 2,921 people. However, this year’s decline is smaller than the one recorded in March 2021 (-59,149 unemployed), according to Europa Press.
More than 200,000 new Social Security members
Good recruitment data matches evolution data Belonging to social security, which recorded the best month of March in the historical series and received an average of 206,410 associates compared to the previous month (+1%). A key factor was the hotel industry, which added more than 71,000 branches due to Easter week contracts, according to data released by the Department for Inclusion, Social Security and Migration on Tuesday.
Last year, Social Security gained 542,049 branches in average values, with year-over-year growth of 2.73%, a rate higher than that recorded in February (+2.4%).
In seasonally adjusted terms, the number of social security contributors recorded its eighth consecutive monthly increase in March after 151,943 employees were added to the system compared to February (+0.75%), to a total of 20,532,371 connected members, surpassing for the first time, the barrier of 20.5 million associates.
The average affiliation increased in March in all autonomous communities.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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