top of page

Title : Spain's July jobless edges up 0.11% from June as uncertainty bites

Writer's picture: analysiswatchanalysiswatch

Aug 02, 2022 04:25AM ET

By:AnalysisWatch



The number of people registered as unemployed in Spain rose 0.11% in July over June, by 3,230 people, leaving 2.88 million people out of work as economic uncertainty began to be felt, the Labor Ministry said Tuesday.


It is the first time since 2008 that unemployment has risen in July, a month when the tourist season usually helps lower unemployment.


Still, it is the lowest level in July data since 2008.


"The economic situation is beginning to be felt in the labor market," Labor Minister Yolanda Diaz said on her Twitter account.


The increase was significant from the middle of the month, the ministry added in a statement.


"Inflation and the consequences of the war in Ukraine mark an uncertain and complicated scenario," she said. "We will not let our guard down: the best way to protect citizens in the face of the crisis is to bet on stable, quality jobs and fair taxation," he said.


Separate data from the Social Security Ministry showed that Spain added 9,104 net jobs during the month to 20.11 million, the 15th consecutive month of job creation.


Economy Minister Nadia Calvino told Cadena Ser that there was a slowdown in the labor market but added that it could not be compared to figures before the labor reform, as it introduced structural changes in the labor market and the tourism sector had strong hiring since March.


"The volatility of a particular month should not distract us from the big numbers," he said.

0 views0 comments

Comments


2b94f773-a237-4da7-a599-6b42314ed9e6.png

Risk Disclosure: AnalysisWatch will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
AnalysisWatch would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore AnalysisWatch doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

bottom of page