Tuesday, October 19

September registered a record drop in unemployment of 76,113 people and 57,387 more affiliates

Employment continues to recover strongly. September has registered good data in its two main indicators of the evolution of the labor market: Social Security affiliation increased by 57,387 workers on average, above the usual records for this month, and registered unemployment fell by 76,113 people, a historic drop in this month in which unemployment traditionally rises with the end of summer contracts. In addition, there is another good news that the Government expected in recent months: it has managed to exceed the employment data in seasonally adjusted terms prior to the pandemic.

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The number of people affiliated with Social Security averaged 19,531,111, after the increase of just over 57,000 workers last month, according to data published this Monday by the Ministry of Social Security. In seasonally adjusted terms, which marginalize the ups and downs of the calendar that condition our labor market, employment reached 19,559,689 employed persons affiliated with Social Security, the highest registered figure and, finally, above the level prior to the pandemic.

People in ERTE were reduced by 32,960, if we take into account the notification date, to a new low: 239,230. The Ministry of Social Security highlights that “more than 93.4%” of the 3.6 million people who came to be included in it during the pandemic have already left this employment protection instrument. Almost a third of the total, 76,639 people (32%), were suspended part-time. That is, they work part of their day.

Unemployment touches pre-pandemic levels

Unemployment has also registered good data, with the fall of 76,113 (-2.28%) unemployed persons enrolled in public employment offices, “breaking the usual upward trend” of increase this month, recalls the Ministry of Labor. Unemployment accumulates seven consecutive months of falls for the first time since 2000, also highlights the ministry directed by Yolanda Díaz.

The total number of unemployed people thus fell to 3,257,802, a figure still above that registered before the coronavirus crisis, but already very close to that level after it was triggered by the pandemic. The number of unemployed in February 2020 was 3,246,047.


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