Unemployment in Spain lowest for seven years


A REPORT released earlier this week reveals unemployment in Spain dropped to its lowest level for seven years.

Last month, a March without Easter, the Social Security system registered an average increase of 161,752 contributors, an increase unseen for the third month of the year since 2001, according to Labour Ministry figures.

Total unemployment also fell last month by 48,559 to 3.7 million, the biggest drop in a single month in the last eight years.

Easter arrives late this year, but almost a third of the new jobs created in March are in the hospitality sector, followed by construction, which saw 17,471 positions created as the weather improves and work begins on new projects.

March’s figures reflect the ongoing recovery of the Spanish labor market: over the last year, there has been a 3.49% increase in contributors to the Social Security, close to the increases detected in the spring of 2015, when the number rose above 3.5% year on year.

Although the figures represent a positive view of the unemployment problems in Spain during recent years, it should be borne in mind that Spain is still largely creating unskilled, badly paid, temporary positions.

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