Nearly 80,000 fewer registered as unemployed at end of 2022

THE jobless total fell by 79,900 people in 2022 - a decrease of 2.6% on the year before.

Over the same period, 278,900 jobs were created – an increase of 1.4% on the previous year – most of which were taken up by foreign workers.

Both of these figures were an improvement on 2020, the year that the coronavirus pandemic hit and dealt a severe shock to the Spanish economy, according to the National Statistics Institute (INE).

That year saw the worst figures for unemployment since 2012, when the

By Simon Hunter

country was being rocked by the consequences of the global financial crisis and the bursting of the property bubble.

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But the latest data is a far cry from 2021, when 840,700 jobs were created and unemployment fell by 600,000 people.

At the end of 2022, the unemployment rate was at 12.87%, just 0.4 percentage points below the figure in 2021 but the lowest end-

THE minimum wage in Spain will be going up from €14,000 a year to €15,120, a rise of 8%.

Assuming a worker receives 14 payments over the year, which was once the norm for most Spanish salaries, that is an extra €80 a month for someone working a 40 hour week.

The measure will be retroactive, meaning of-year figure since 2007. Just over three million Spaniards were out of work at the end of last year, with 20,463,900 that anyone receiving minimum wage will be paid extra for the month of January. The secretary general of Spain’s CCOO union, Unai Sordo, said that 2.5 million people will benefit from the measure. In particular, female workers, young people, temporary employees and those in the service and agriculture sectors will be better off. people employed. The Economic Affairs Ministry stated that job creation slowed in the last quarter of 2022 ‘in line with the slowdown of the global economy’.

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