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According to the latest Labour Market Monitor published by the Association of Large Temporary Employment Agencies (Agett) and international financial analysts AFI, shows that registered unemployment in April 2010 fell by -24,000 individuals whilst employment was up by +47,000 individuals.
However, the increase in employment was entirely due to new temporary employment contracts. Permanent employment has not registered any growth over the last two years and was down by -75,000 individuals in Q1 2010.
Unemployment has reached the new height of 20.05%.
European Union (EU) foreigners have fared best in Spain during the economic crisis. Since the third quarter of 2007 only 0.4% of EU foreigners have lost their jobs compared to 10.3% of Spanish nationals and 14.8% of foreigners from outside the EU.
Agett and AFI predict that seasonality will play in favour of employment over the coming months and estimate that employment will rise to 18.5 million individuals in Spain by the month of July 2010. Year-on-year negative growth in employment is forecast to fall to less than 2%.
To read the full Labour Market Monitor in Spanish language please click here