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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 ââ‚¬â€œ 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