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Spain — Highest levels of temporary employment in Europe in spite of huge job losses

12 February 2010

The latest Labour Market Monitor (Avance del Mercado Laboral) published by the Association of Large Temporary Employment Agencies (Agett), points to a stabilisation in the labour market and estimates that there will be 18.3 million employed in Spain at the end of the current quarter.

The year-on-year fall in employment is now -3%, a considerable improvement on the situation on the last two months.

Unemployment is estimated to reach the 4.5 million level in Q1 2010, taking the rate to 19.7%.

The Spanish government's estimate that unemployment will be at the 15.5% mark in 2013 is contradicted by Agett's estimates of 19% unemployment for that year.
Spain accounts for 65% of all temporary jobs lost in the European Union (EU) during the current economic crisis. The country also accounts for 40% of all permanent jobs lost in the EU during the crisis.

At the beginning of the current economic crisis, 35% of the Spanish workforce were temporary employees, the vast majority of whom work in the agricultural and tourism sectors — and not via staffing companies. In Q3 2009 this figure had fallen to 25.9%, which is still by far the highest percentage rate in Europe.
To read the full report in Spanish language please click here



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