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Spain’s jobless total falls to lowest May figure since 2008 as tourist sector gears up for record-breaking summer – Olive Press News Spain

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SPAIN has recorded its lowest registered unemployed total for May since 2008, with 2.6 million people out of work.

The total is a 59,000 reduction on April, as seasonal jobs become available related to the tourist sector.

The monthly fall is higher than a year ago when it dropped by over 49,000 but is much smaller than in the middle of the previous decade when May reductions topped 100,000.

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One of the main reasons for that is Spain was recovering from historically-high jobless figures caused by the recession.

The country saw 220,289 new jobs created last month and the third-best May for job creation this century, following 2017 and 2018.

A record number of people-21.32 million- are now registered with Social Security as being employed with women passing the 10 million mark for the first time.

Over a third of new jobs are in the hospitality industry ahead of what is expected to be a record summer tourist season.

Other sectors saw employment increases in agriculture (+18,889), industry (+9,891) and construction (+7,206).

Compared to May 2023, Spain has 506,395 more Social Security affiliates.

The Balearic Islands, which bases most of its economy on tourism, gained 9.3% workers in May- well above the national average of 1%.

Other high-gaining regions were Aragon (2.3%), La Rioja (1.9%) and Castilla-La Mancha (1.5%).

Despite the positive trends, Spain’s jobless rate of 11.7% is still double the European Union average.

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