Reign over Spain Job seekers delight

SPAIN’S job market is experiencing an unprecedented surge with 149,645 unfilled job vacancies, setting a new record.

The Quarterly Labour Cost Survey (ECTL) by the National Institute of Statistics (INE), released on Friday, June 16, revealed approximately 9,000 more vacancies than during the previous quarter of 2022.

Interestingly, Spain stands out in Europe with less than 1 per cent of job vacancies remaining unfilled, much lower than the European average of 2.8 per cent. Austria, Belgium, and the Netherlands have the highest vacancy rates at 4.7 per cent.

The Ministry of Labour and Employment highlights that these vacancies are relatively small compared to Spain’s employed population of 20.8 million. They also cite data from the final quarter of 2022, indicating constant improvements in Spain’s employment figures. Minister Yolanda Díaz is confident that Spain doesn’t face a job vacancy crisis, stating that companies are not struggling to fill employment needs statistically. Spain’s thriving job market, with a record number of unfilled job vacancies,reveals its potential for economic growth by attracting job seekers and bridging the employment supply to demand gap.