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Spain's unemployment rate falls to 15-year low of 11.60% in Q2

https://www.reuters.com/markets/europe/spains-unemployment-rate-falls-15-year-low-1160-q2-2023-07-27/

Spain's unemployment rate fell to 11.60%, a 15-year low, down from 13.26% three months earlier, data from the National Statistics Institute (INE) showed on Thursday.

Spain's unemployment rate falls to 15-year low of 11.60% in Q2

cross-posted from: https://lemmy.zip/post/792025

Archived version: https://archive.ph/Q0U2H
Archived version: https://web.archive.org/web/20230727215947/https://www.reuters.com/markets/europe/spains-unemployment-rate-falls-15-year-low-1160-q2-2023-07-27/

16 comments

huojtkeg

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Stats are manipulated. 3 years ago the government changed the name of the temporary job contracts to "discontinuous permanent worker". They are hired by a company but they only work few days or even few months a year. People with that kind of contract does not count as unemployed, even if they only work few days a year.

Most of the workers with that kind of contract want to work a full time job but they can't due to the high unemployment. The same as before but now the stats looks better.

BrikoX

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Thank you for the context.

gary_host_laptop

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If I am understanding it correctly it is still not good because this generally means companies outsource their workforce and hire "freelancers" to avoid paying the same benefits as if they were regular workers.

testingtesting123

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Stats are not perfect but they are not manipulated. People working less hours are still workers. Global working hours have also increased. Minijobs in Germany are similar.

huojtkeg

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No, we have more employment with less working hours.

https://www.eleconomista.es/economia/noticias/12388281/07/23/la-falla-del-record-de-ocupacion-de-la-epa-las-horas-trabajadas-no-corren-a-la-misma-velocidad-.html

testingtesting123

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I am not saying otherwise, total working hours have increased, but if you divide by workers have decreased, https://elpais.com/economia/2023-05-03/las-horas-trabajadas-alcanzan-las-cotas-previas-a-la-gran-recesion-tras-dispararse-en-el-primer-trimestre.html .

But if there were manipulation of data the amount of hours wouldn't increase. There is a difference in saying the data is manipulated and saying the data don't tell you the whole story, one questions the data and good faith, the other questions the completeness of the analysis.

Furthermore, the unemployment rate doesn't tell you the whole story because working hours and salaries. The later have not increased meaningfully in the last 20 years... meaning people actually need to work more to have the same life level.

Showroom7561

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11.6% unemployment seems really, really high for a developed country! What's the hell is up, Spain?

huojtkeg

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Real unemployment (calculated with the total number of hours worked, number of temporary workers... etc) is between 19% and 23%. It has been like this since 2008 crisis. The unemployment among youth people is 45%.

There a many reasons, not just one. Imho it's related to the tourism (summer season), we have few industry (full time jobs all year), unemployment benefits are very generous (there are some jobs in agriculture that are done just by inmigrants from moroco with temporary visa, the landlords don't find Spanish people to work)

testingtesting123

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What source are you using? This is EPA that is higher than the number of unemployment registered The comments about not finding spanish people....maybe not at the salary they want to pay... https://www.ine.es/dyngs/INEbase/es/operacion.htm?c=Estadistica_C&cid=1254736176918&menu=ultiDatos&idp=1254735976595

huojtkeg

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https://www.eleconomista.es/economia/noticias/12388281/07/23/la-falla-del-record-de-ocupacion-de-la-epa-las-horas-trabajadas-no-corren-a-la-misma-velocidad-.html

https://www.lavozdegalicia.es/noticia/economia/2023/06/17/tercio-empresas-encuentran-trabajadores-cubrir-necesidades/0003_202306G17P28991.htm

randon31415

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Just in time to not effect the elections in any headline inducing way.