Author: PACO RODRIGUEZ
He unemployment It increased by 103,800 people between January and March, up 3.4% from the previous quarter, while employment fell by 11,100 jobs (-0.05%), the smallest first-quarter decline since 2007. the National Bureau of Statistics reported.
At the end of March, the total number of unemployed persons was 3,127,800 and employed, to 20,452,800 people. The increase in unemployment in the first quarter of this year is the largest in the first quarter since 2020, when the outbreak of Covid led to an increase in unemployment by 121,000 people. In the first quarter of last year, unemployment increased by 70,900 people, less than in 2023.
The Unemployment rate it increased by almost four tenths in the first quarter, up to 13.26%, which is the highest value since the first quarter of 2022. For its part, the activity rate remained stable at 58.55%, after the number of active people increased to 92,700 between January and March (+0.4%).
Last year, unemployment decreased by 47,000 persons (-1.5%) and 368,000 jobs were created (+1.8%), while the volume of assets increased by 321,100 persons (+1.4%).
According to INE, Number of employees decreased in the first quarter by 23,200 people (-0.1%), concentrating all the adjustment in temporary employment (-117,000), as employees on indefinite contracts between January and March increased by 93,800 (+0.66%) , to more than 14.35 million. Thus, the temporary employment rate fell by six tenths, to 17.28 percent.
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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