July EPA: Coronavirus Job Destruction and Economic Hibernation Breaks All Records
Foreigners: Tourism bump in July: 7.4 million tourists and 80% of spending lost
2019 was a very bad August for the job market.
The worst since the 2008 crisis and its data, with 7,000 layoffs a day and more than 200,000 fewer affiliates, then set off all the alarms.
The slowdown was evident and something had to be done to remedy it, but
no one could foresee what came next.
This year's, has already made a hole in history.
The COVID crisis has sunk one of the country's economic bastions, tourism, with 7.4 million fewer visitors in July and its consequent collapse in activity in the sector.
With these wickers,
many businesses associated with tourism have decided to advance their closings
and give up the season long before their time.
All in all, August 2020 has become the first month in the series that has created employment and closed with an increase of 6,546 employed persons.
Unemployment, however, has risen: August leaves 29,780 more unemployed in the figures of the old Inem.
The end of the month however, the balance has changed.
In the last day, 211,566 jobs have been destroyed, and the month has closed with 18,591,306, which means 82,541 fewer employed since the beginning of
August.
The Labor Force Survey (EPA) that was made public at the end of July already gave a good account of the blow that the coronavirus crisis has given the Spanish labor market this year: 1.1 million people stopped being employed in the second quarter of the year and the unemployment rate, not counting the more than 3 million people affected by ERTE, already exceeded the 15% barrier.
Julio gave a truce.
The data on registered unemployment published by the Sepe showed the creation of just over 160,000 jobs.
The summer season promised some relief and there was a desire to reactivate the activity after the hard months of confinement and state of alarm.
August is traditionally a bad month when it comes to employment.
There are many contracts that end this month, according to the mollar of the tourist season, but it is also a bad month for sectors such as education, which still reflects the end of the school year hiring and not the new contracts for September.
According to the criteria of The Trust Project
Know more
Spain
Unemployment
job
ReportThe Andalusian economy falls 1.6 points less than the national
EconomyThe labor market recovers 161,000 affiliates, its best figure since 2005
European Union The European Commission has 21,300 million from the SURE fund for Spain to pay the ERTE
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