Print Magazine
Brussels Morning Newspaper
Tuesday, January 31, 2023
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home Economy

November unemployment in Spain hit a 15-year low

Nikola Kiš by Nikola Kiš
2 December 2022
in Economy
Madrid,,Spain,-,Jan,11,,2020:,Spanish,Government,Employment,Office

Madrid, Spain - Jan 11, 2020: Spanish government employment office sign and facade in Madrid, Spain

Share on FacebookShare on Twitter

Belgium, (Brussels Morning Newspaper) Official records show that unemployment continued to drop in Spain, reaching a 15-year low in November.

Data released by the Spanish Ministry of Labour and Social Economy on Friday shows that registered unemployment dropped 1.2% on monthly basis in November, reflecting a strong labour market despite the economic downturn, according to Reuters reporting.

Recently released data also shows that inflation in Spain is easing while consumption exceeds expectations, suggesting that the country could avoid recession this winter.

In addition, tourism figures exceeded expectations in October, according to separate data released on Friday.

According to data released by the Ministry of Labour and Social Economy, the number of registered unemployed dropped by 33,512 in November compared to October, leaving roughly 2.88 million Spaniards unemployed.

This is the lowest November figure since 2007.

The number of registered employed reached approximately 20.32 million in November, up 78,695 from October, making November the 19th consecutive month of growth.

BBVA Research analysts upped their economic forecast for Spain on Thursday, predicting that Spain’s GDP will grow 4.6% this year followed by growth of more than 1% in 2023.

This is in line with the latest International Monetary Fund (IMF) forecast and is lower than the Spanish government’s expectations of 2.1% in 2023.

Consumption higher than expected

Data released earlier this week shows that personal consumption exceeded expectations in November, while inflation slowed to 6.6%.

November is traditionally difficult for employment in Spain as it marks the end of the tourist season, but tourism figures show signs that the sector continued to recover in the autumn and is on the path to reaching pre-coronavirus crisis levels.

Statistics released on Friday show that the number of foreign tourists in Spain increased 39% annually in October and stood at approximately 7.18 million, which is still lower compared to roughly 7.59 million in October 2019.

While the number of tourists is lower than it was before the crisis, their spending is roughly the same as it was in the corresponding period of 2019.

The Spanish government pointed out that the growth of employment is partly due to the absorption of EU funds and concluded that new employment is especially strong for technical jobs.

Tags: Brussels LatestMain-SliderRising unemploymentunemploymentUnemployment rates
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • Health & Fitness
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • Brussels Bubble
    • Parliament
    • Commission
    • Council
  • Wider Europe
    • Member States
  • World
  • Business & Society
  • Europe With Transparency
  • Culture & Society
  • Policy Talks
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • Ambassador’s Corner
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT