The start of the high season of the tourist campaign has given a strong boost to the labor market.

The number of unemployed registered in the employment offices was reduced last May by 99,512 people, with which the bar falls below three million to 2,922,991, a barrier that was overcome with the serious financial crisis in 2008 and that it had not crossed again in the opposite direction.

At that time, construction was the main pillar of employment, with more than 1.7 million affiliates.

Since then, tourism has taken over as the main support for the labor market and the definitive recovery of this activity after two seasons marked by Covid-19 is being the engine of the labor market.

All in all, last May, both services and construction, industry or agriculture experienced reductions in their registered unemployment figures.

The improvement in the data is therefore relevant, although it remains below those registered in other years such as 2021 (121,378) or 2017 (111,908), for example.

In year-on-year terms, the decline in unemployment is 22% or 858,259 fewer people.

Unemployment among young people under 25 years of age fell by -9.90% compared to the previous month.

730,427 employment contracts of an indefinite nature were registered, representing 44.52% of the total.

These contracts were divided, in terms of the duration of their working day, into 291,308 full-time, 174,595 part-time and 264,524 permanent discontinuous.

Conforms to The Trust Project criteria

Know more