Sunday, August 14

The recovery of tourism brings Spain to 20 million employed

The tourism hitch, although this summer was predominantly national as a result of restrictions, had a positive impact on the labor market.

The third quarter of the year registered 359,300 new employees, which made it possible to overcome the barrier of 20 million employed persons, a level that had not been registered since the beginning of the previous crisis in 2008.

According to the Active Population Survey (EPA) published by the National Institute of Statistics (INE), the services contributed 377,200 employed persons, contributing to that milestone of 20,031,000.

This level of 20 million was not seen for almost 13 years, in the last quarter of 2008, at the beginning of the outbreak of the previous crisis.

Employment has been growing for five quarters

The employment has been on the rise for five consecutive quarters, while unemployment registered four quarters down. Even so, the number of unemployed is still higher than before the outbreak of the pandemic.

The number of unemployed fell by 127,100 people to 3,416,700, which lowered the unemployment rate by 69 hundredths, to 14.57 percent, in the largest quarterly decline in the series since the summer of 2018.

Nevertheless, In the third quarter of 2019, before the pandemic broke out, the unemployment rate stood at 13.92 percent.

Private employment pull

The pull in employment came especially from the private sector, with 314,800 more people, to 16,547,000, while public employment increased by 44,500, to 3,484,000.

By age, employment grew in all groups, except those aged 40 to 44 (in which it drops to 22,700). The greatest increase (132,400 more employed persons) occurred among people between 20 and 24 years of age.

On the other hand, the number of households with all their members unemployed fell by 35,800, to 1.12 million, the lowest since the first quarter of 2020.