Thursday, April 23, 2015

Low number of unemployed in Spain – ABC Color

MADRID. The number of unemployed in Spain fell by 13,100 people during the first quarter, reaching 5,444,600, despite which the unemployment rate rose in seven hundredths to 23.78%.

The latest figure derived from the decline in the labor force. According to the Labour Force Survey (EPA) published today by the National Statistics Institute (INE), employment fell by 114,300 workers, the smallest decline in the first quarter since 2008, to 17,454,800 occupied, while the rate 32/100 activity decreased to 59.45%.

The decline in employment and unemployment (despite the increase in the unemployment rate) is supported in the evolution of the labor force, which is decreased by 127,400 people, to total 22,899,400.

According to INE, the decline in unemployment between January and March is the largest recorded in the first quarter since 2005 and the first quarter of last year , unemployment fell by 488,700 people.

From January to March, female unemployment increased by 8,300 people and reached a rate of 24.98%, while among men fell by 21,400 and reached 22 74%.

The unemployment rate declined among young people aged 20 to 24 years and among those over 55.

By nationality, fell by 16,800 Spaniards and foreigners increased by 3,700 .

In the first quarter unemployment rose in the services sector (35,300 more) and agriculture (9,700), while it decreased in construction (7,200) and industry (4200).

As for the occupation, employment declined more among women (76,200 less) than among men (38,100 less) and, by nationality, fell more among Spaniards (86,300 less) than foreign (28,000 less).

The EPA also released today the number of households with all members unemployed, which rose in the first quarter at 27,300, reaching 1,793,600, which is broken the downward trend that began in the second quarter last year.

Unemployment, which reached 26% of the workforce in 2012, has been the main result of the economic crisis in Spain since 2008 and has caused a large number of long-term unemployed.

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