Unemployment in Spain fell to 4.45 million people in 2014 – The Economist

Unemployment in Spain fell to 4.45 million people in 2014 – The Economist

The number of unemployed in Spain fell in 2014 for the second consecutive year, although still at a high level of nearly 4.45 million people, according to figures from the Ministry of Employment.

The number of unemployed in Spain fell in 2014 for the second consecutive year, although still at a high level of nearly 4.45 million people, according to registered unemployment figures released Monday by the Ministry of Employment.

The country was in late December with 253.627 unemployed less than the same period last year. With this, the registered unemployment to December 31 was 4,000,000 447.711 people.

Only in December, the decline was 64.405, the statement said. The Spanish economy revived last year, after passing through a serious crisis.

“This is the second decline in registered unemployment at the end of a year since 2006 (ie before the crisis), following the recorded in 2013, when it fell to 147,000 people, “said the ministry in a statement.

In this way,” accumulated in the past two years and decrease excess of 400,000 people. “

The number of permanent contracts rose last year to 18.9%, totaling 1.35 million, and made it faster than precarious jobs, which grew 12.6% and totaled 15.37 million.

“Today we have more than 253,000 reasons to be optimistic but still we are many more to continue working for recovery and stable and quality employment in our country, “said the statement by Secretary of State for Employment, Engracia Hidalgo.

Unemployment in Spain began to soar in 2008, with the bursting of the housing bubble.

The ministry measured every month the registered unemployment, ie registered unemployed, but does not publish any fee.

The National Statistics Institute (INE), which is a guideline, estimated in the third quarter was unemployed at 23.67% of the active population, which had 5.43 million unemployed.

Through a quarterly survey, INE counted all those actively seeking a job, even when they are not registered as unemployed.

The Conservative government, which will face general elections later year, expect a small reduction in the unemployment rate in the fourth eurozone economy. Rate is expected to be completed in 2014 24.2% and 22.2% in 2015, one of the highest levels in industrialized countries.

erp