Monday , September 27 2021

Unemployment rises in November – Diario Fiinano



According to Bloomberg experts, the unemployment rate is at 7.0%.

The labor market has been in the center of political debate until 2018. In the last quarter of the year the National Statistics Institute (INE) in September-November unemployment has risen again, the level of national unemployment which is 6.8%, which is 0.3 percentage points higher in the same period last year.

Compared with the quarter of August and October, the index decreased by 0.3 percentage points.

Of course, the results are far better than expected by Bloomberg analysts it will be at 7.0%.

The proportion of those employed on this Monday increased by 0.5 percent, and by 0.9 percent. At the same time, informal workers increased by 0.7% to 30% of the total number of employed.

In the structure of the job creation of health services (7.6%), construction (3.4%) and transport (4.1%), concentrated in the main foodstuffs (-5.9%), trade (-1.5% ) and households as employers (-5.2%).

At the same time, the non-active population, which is considered to be inactive, has grown by 3.1% during the twelve months, as usual as inactive (4.4%).

Personal salary frustration

Another striking novelty in the report relates to working categories, since the highest number of job openings before November was explained by civil servants who increased by 2.8% and continued to earn 27,400 new jobs in the same period in 2017, increased by 0.3% over two months and 22,490 new jobs were created.

The result is on the label changes in the previous quarter, as in the last four reports, the majority of job creation came from the private sector.

In addition, employers increased by 0.3%, while family work increased by 3.9%, up to 3.7 thousand people.

On the other hand, self-employed personnel did not change, while internal service staff dropped by 3.9% to 11,920 people.


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