Unemployment rose by 92,700 people in the summer and 209,100 jobs were created, up to a maximum of 21.2 million

MADRID, 26 Oct.

Unemployment rose by 92,700 people in the summer and 209,100 jobs were created, up to a maximum of 21.2 million


Unemployment rose by 92,700 people in the third quarter of the year, which is 3.3% more than in the previous quarter and its largest increase in absolute values ​​since the third quarter of 2020, in the midst of the pandemic.

The total number of unemployed thus rose to 2,855,200 people and the unemployment rate advanced two tenths, to 11.84%, according to data from the Active Population Survey (EPA) published this Thursday by the National Institute of Statistics ( INE).

Between July and September, 209,100 jobs were created in Spain (1%), almost three times more than in the same period in 2022, bringing the total number of employed people to 21,265,900 people for the first time in history.

The number of active workers also reached a new high at the end of the third quarter, with 24,121,000 people, after increasing in the summer months by 301,900 people (1.3%). Thus, the activity rate rose four tenths, reaching 59.41%.

In the last year, unemployment has been reduced by 125,000 people (-4.2%) and 720,100 jobs have been created (3.5%), while the volume of assets has increased by 595,100 people (2.5%). .

In an assessment sent to the media, the Ministry of Economic Affairs highlighted that the labor market continued to show "good evolution" in the third quarter, despite a "complex" international context, thanks to "the strength and dynamism of the Spanish economy".

"A new historical maximum of employment and active population has been reached, temporary employment has decreased and youth unemployment has registered its lowest rate since 2008," said Economía, adding that the record in the number of active workers shows "citizens' confidence in find a job."

According to the INE, the number of employees increased in the third quarter by 266,000 people (1.5%), of which 232,100 had a permanent contract (1.6%) and 33,900 had a temporary contract (1.1%). In this way, the temporary employment rate was reduced to 17.26%.

"The improvement in the quality of employment continues, with greater stability in employment (1.1 million more permanent contracts in the last year), a decrease in the temporary employment rate (17.2%) and more full-time contracts" , highlighted the Department headed, in office, by Nadia Calviño.

Job creation between July and September was again concentrated in the private sector, which generated 192,200 jobs, 1.1% more, compared to 17,000 new jobs in the public sector, 0.5% more than in the previous quarter.