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Spain — Male unemployment expected to rise by a further 407,000 by March 2010

09 December 2009
 

The latest Labour Indicator Report (Indicador Laboral) for the third quarter of 2009 with projections for the first quarter of 2010 published by IESE Business School on behalf of Adecco Spain reveals that four out of five jobs lost over the last 12 months were occupied by men.

There are now 1,146 000 more unemployed men in the country than last year compared to only 330,500 more unemployed women. The report estimates that the figures will get even worse in the first quarter of 2010 with an expected 407,000 further job losses for men and only a further 5,000 job losses for women.
There will be an estimated 18,679 500 employees in Spain by March 2010. This figure is by 25,000 individuals lower than employment levels in 2005 and demonstrates that over a period of five years Spain has not generated any new jobs.

The report estimates that unemployment will reach 19.4% by March 2010, which represents a 2 percentage points increase over the previous year. In the worst case scenario, however, unemployment could reach 21.4% by March 2010.

Temporary employment has suffered greatly during the current economic crisis. In September 25.9% of Spanish workers were temporary employees, 3.7 percentage points lower than in the previous year.
 
To read the full report in Spanish language please click here

 

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