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The unemployment rate falls to 16.38%

Summer's active population survey shows lower-level unemployment from 2008

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The unemployment rate falls to 16.38%

The unemployment rate has fallen to 16.38% in third quarter of this year, according to INE. It is lowest rate since 2008, when fall of Lehman Brors unleashed Great Recession, of which in places like Spain almost 10 years later and after almost four years of recovery still suffer consequences. The reduction of this rate arrives by decrease in number of unreached low this quarter in 182,600 people and is located at 3,731,700.

This quarter has grown employment in 235,900 occupied. This assumes that Spain recovers level of 19 million people with work, something that was not happening since summer of 2009. In terms of adjusted, quarterly variation is 0.75%. In past 12 months, employment has grown by 521,700 people, a 2.82% rate. This improvement comes in two ways, increased public and private employment. The first one has gone up in 58,300 occupied and private does it in 177,600.

The third quarter survey corresponds to summer months, an era next to previous quarter in which labor market lives best times of year thanks to pull of tourist season, summer hirings to cover low Holidays and various agricultural campaigns. That's why it's customary to create jobs and lower unemployment.

This is appreciated by seeing descomposión by sectors of job creation in quarter: in services it goes up in 236,400 more; In industry, in 34,100 and under construction, in 21,000. In only descent it is given in agriculture (55,500 less). The largest increases in employment this quarter are produced in Comunitat Valenciana (47,400 more), Catalonia (46,100) and Comunidad de Madrid (40.200).

In last year employment has gone up in all sectors: in services There are 301,700 more occupied, in industry 139,400, in agriculture 33,200 and in construction 47,400 more.  In Andalusia number of occupied decreases in 9,500. In last year number of busy rises in most autonomous communities. The largest increases are observed in Andalusia (111,200), Comunidad de Madrid (109,400) and Catalonia (92,700).


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