Spain Adds 486,000 Jobs, Pushing Unemployment Below 10% to 9.87%
Updated
Updated · live.euronext.com · Jul 28
Spain Adds 486,000 Jobs, Pushing Unemployment Below 10% to 9.87%
3 articles · Updated · live.euronext.com · Jul 28
Summary
22.779 million people were employed in Spain in the second quarter, a record high after 486,000 jobs were added between April and June.
9.87% unemployment marked the first drop below 10% since 2008, as the summer season and tourism lifted hiring, especially in services.
25.2 million people were active in the labor market, with construction and industry also adding jobs while agriculture was the only sector to lose workers.
Balearic Islands, Murcia and Catalonia led job creation, and nearly three-quarters of workers now hold permanent contracts as temporary hiring kept falling.
Several quarters of sustained growth have moved Spain closer to the government's 23 million employment target if the current pace holds.