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Job losses in Spain will end
in second half of 2010 says
Minister for Labour
Tue, Feb 02 2010
Minister for Labour and
Immigration, Celestino
Corbacho, today stated that
“the nightmare of job
destruction will end at the
beginning of the second half
of 2010.
The comments were made
against the backdrop of
another monthly rise in
Spain’s unemployment level –
this time by 124,890,
leaving January’s unemployed
figure at 4,048,493.
It amounts to the sixth
straight monthly increase
and is the first time since
March 2009 that the increase
has been above 100,000.
The services sector was the
worst affected with 102, 130
people losing their jobs.
The second worst affected
was industry with 8,873
people newly unemployed and
construction, with 7,036 was
the third worst affected.
17,936 more foreign people
were left without work this
past month increasing the
total to 584,453 or an
increase of 30% in the space
of 12 months.
The minister said that “If
nothing else changes, and
taking into account that at
the moment, all economies
are beginning to improve, we
may be able to say that from
the second-half of this year
the nightmare of job
destruction has ended.” This
is in line with government
forecasts, he added, saying
that “…in the coming months
we expect the change will
tend towards the seasonal
norm rather than destruction
of employment.”
The Secretary General for
Employment, Maravillas Rojo,
highlighted that January is
always a “bad month” for
employment, such that even
in times of economic growth,
declines in jobs numbers
were frequent in this
month.
Furthermore it was added
that, as the situation
required the adoption of new
measures, the government
would be making public its
proposals for reform of the
jobs market on Friday 5th
February.
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Back to Top
Factory Gate Prices increase
for first time in a year
Mon, January 25
According to figures
released by the National
Institute for Statistics
Factory prices in Spain
increased by 0.1% on a month
on month basis in December
and rose 0.4% compared to
the same month in 2008. This
follows a period of decline
that has lasted 11 months.
The rate of decline has been
easing since the maximum
reached in July of 2009 when
the annual rate of decline
reached -6.7%
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