Spain, Job creation benefits mostly older than 50 years By LRON at San Jose, CA U.S. 15:00PM 01.22.2015 The year closed with an increase of 433,900 employed, of which 280,300 are concentrated among older. The unemployment rate remains at 23.7% The labor market began to recover in 2014. The balance of 12 months shows a positive balance. Low unemployment, with 477,900 unemployed less in a year. Employment is up, with 433,900 more jobs, according to the Labour Force Survey (EPA) for the fourth quarter of last year. In the one case as in the other are the best figures of the crisis. And above all, on the employment side there is a clear collective that is benefited: older than 50 years, 280,300 workers in this age group found an occupation in the last 12 months. But the positive balance last year does not erase the accumulated over seven years of labor crisis deterioration. The strike, which grew by 30,100 people between September and December stood at 5.45 million unemployed. The rate was 23.7%. To get an idea of all the lost ground in this period just one fact: they would take more than eight years creating jobs at the same rate for the year just ended to retrieve it. It is not the only open wound. There are still 1.76 million households in which no member has a job and 731,000 in which not enter any income. The highest average salary in the public sector, 50% in the private Despite these data, the numbers released by the National Statistics Institute (INE) confirm that the labor market turned in 2014, which has stopped falling and started to recover. There is considerable evidence in that direction, not only the great details of the annual balance. So say the seasonally adjusted figures, which eliminate the effects of the calendar (for example, Easter, being high season) and allow you to see the underlying trends which show an increase in employment of 0.99% and a fall unemployment of 1.09% in the last quarter. The improvement was even construction. The sector hardest hit in these seven years, which has increased in Spain the effects of the worst crisis since the 20s of last century, has even created jobs, 40,000 in 12 months. Not much, if you consider all the jobs lost in the sector since the beginning of the collapse (1.7 million jobs), but a significant trend change. Age-segregated analysis shows that the improvement has come to many segments, but not all. The occupation has fallen among those between 20 and 34 years. In the remaining ranges has increased even among the group that is between 16 and 19 years. But more significant is the rise among those over 50, who recorded 280,300 more jobs more. Josep Oliver, Professor of Applied Economics at the Autonomous University of Barcelona, arrives reducing unemployment by creating more employment by reducing the workforce. Until last quarter, much of the fall in unemployment was due to the reduction of the workforce, who are in age and willingness to work. In late 2014, this decline slowed. In the last 12 months was down just 44,000 people, far fewer than the 424,000 earlier this year. This is one of the positive elements highlighting Oliver, the other is that it accelerates the creation of employment qoq. However, puts a point of prudence to remember to wait to see what happens in the first part of 2015, one of the bad traditionally in the labor market, to see if the cumulative improvement in 2014 is maintained. The high season last year was very good. We must wait to see if the trend. And you also have to see if this years summer employment continues at this rate, he says. Highlighted the positive, Professor Oliver says a shadow: Most worrying is the asymmetry between the annual evolution of GDP [according to forecasts will grow around 1.4%] and employment, 2.5%, reaching 3% when measured in hours. This indicates that productivity per employee is falling quite and out of the crisis points in the traditional way: using labor intensive and low productivity. Views figures, the Flores de Lemus Institute, predicted that this year employment will continue to grow and at an average annual rate of 3.2%. Another phenomenon that has been occurring throughout the year is that new job quality has improved. When earlier this year began to be hired, was that much of the improvement came through precarious employment (temporary and part-time). As the recovery is consolidating, gaining weight permanent contracts and full time. Supported by this, the Minister for Employment, Fatima Banez, said that Spain is already starting the recovery in employment and quality jobs. Sara de la Rica, professor at the University of the Basque Country and regular contributor to Fedea said positive that permanent employment grows. However, disaggregated what happens with part-time contracts to mark the great gender inequality there: Increases in women almost 4% while decreasing 1.6% in men. It is worrying because, if unintentional, it seems to be yielding the survey for the vast majority of women, is documenting a new form of precariousness focused on women .
Posted on: Thu, 22 Jan 2015 23:31:37 +0000
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