By Isha Sesay •
Published: 04 Jan 2020 • 11:44
EMPLOYMENT figures published by the Ministry of Employment in Spain has revealed that the rate of employment in 2019 has increased by a welcome 2.02%.
This means 384,373 more people were registered for employment, the lowest increase garnered in six years. Although positive news for the workforce, this was a stark drop from last year’s results, where employment increased by 3.06% and saw 563,964 more people registered in the Spanish Social Security system.
According to the governmental data published on Friday, January 3, there is now a total of 19.4 million people across Spain who are employed. This has proven to be exceptionally good news for the government, as although there has been a decrease in job creation this year, the total number of employed is steadily rising.
In regards to unemployment, the number of people without a job has fallen by 38,692 people, bringing the total number of unemployed people to 3.1 million.
Speaking about the annual figures, Octavio Granado, the Secretary of State for Social Security, stressed that the number of people employed in 2019 has reached its highest level in Spanish history, where in statistical terms, Spain’s economic crisis has ceased.
Granado also stated that it had been an “exceptional” year for the Social Security system thanks to rising contributions and improving rates in pensions.
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