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Spain's job market hits new peak
The Spanish economy experienced an unprecedented boom in employment indicators during the second quarter of this year. The unemployment rate fell to 9.87%, the lowest level in years, as the market absorbed more than 213,000 unemployed individuals. This led to the total number of employed people rising to over 22 million, with the overall workforce approaching 25 million, marking six consecutive quarters of increasing employment. The data highlighted that most of the new jobs were in the private sector, with a significant focus on permanent contracts that boosted labor market stability. The percentage of temporary workers decreased to just 15%, accompanied by strong growth in full-time positions, especially in the services and tourism sectors, while the agricultural sector experienced limited losses. Catalonia and other regions are leading in employment growth. These figures contribute to the government's goal of reaching 23 million workers before the end of the year, supported by continued investment flows into the services and tourism industries.
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