Importantly, this positive trend in employment, the behavior of the industrial sector, which continues to grow at rates even higher than the service sector, which is possible thanks to an improvement in business expectations and the index consumer confidence, which continues to grow at a rapid pace. Consumption and investment will remain firm in its growth path since the beginning of 2014. We can say, then, that there are structural aspects which are a stable growth of investment and consumption base. A sample of this business confidence, is that again this quarter employment is created by the private sector of the economy.
The number of employed has grown in the last year over half a million, representing an increase of 3%. The automotive sector and the construction industry are the real engines of the economy, which they dependent subsectors and in turn, small and medium businesses recover and improve economic pulse add your expectations. It is the effect of the virtuous circle of growth, extending to start reaching out to ordinary citizens and the most hit by the crisis: the unemployed. Employment in the service sector, which occupies most of the economic activity of our country, continues to rise reaching record levels, so just round the data that we discussed today.
Another data encouraging is the growth in the number of unemployed, which have fallen in the last year 473,900 people, which means a decrease of 8.4%. If reducing the unemployment rate keeps coming months, and it appears that the third quarter will be better than the second, the unemployment rate, which stood at 22.37%, can reach the end of year breaking the psychological barrier of 20%. Hard to believe just a year ago.
The youth unemployment rate has fallen to 49.21%
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