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The latest labour market indicator published by staffing group Adecco Spain in co-operation with IESE Business School forecasts that the Spanish economy will not recover this year but will not continue to deteriorate either.
The indicator predicts that there will be 4,550,700 unemployed individuals in September this year, +10.7% or +440,400 individuals more than in September 2009 but -60,000 individuals less than in March 2010.
The unemployment rate is forecast to fall to 19.8% in September 2010. This is -0.2 percentage points lower than in March 2010 but +1.8 percentage points higher than in September 2009.
Men will continue to suffer higher numbers of job losses than women. In September 2010 there will be -3% or -320,000 men with jobs when compared to September 2009. Female employment is predicted to fall by only -0.2% or -13,000 women during the same period.
To read the full labour market indicator in Spanish language please click here