Employment rises after economy boom

This year despite the ‘slow down’ – a term that Spanish speakers use to refer to the slumber after a sudden increase in productivity – employment figures have risen. 

After the initial spike in the Spanish market at the beginning of the year economists had been fearing a backlash in the form of a sudden dip in productivity in the second quarter. It turns out however that people are being employed at a similar rate to that of past years during this period. 

The total number of employees in Spain has risen to 19.8 million which is a 333,800 more than last month. The rate is not as high as that of the last two years when exponential growth following a long period of stagnation was recorded, but it is a positive sign for the labour market as it demonstrates progression with minimal side effects. 

Spain is enjoying almost six consecutive years of economic progression especially in the sectors of tourism and agriculture.