Articles tagged as: unemployment

September 5th, 2014

Salary reductions, which have been imposed, in particular, in the European countries most affected by the crisis, are now showing their limits when it comes to improving competitiveness, and even run the risk of being counterproductive, according to the Organisation for Economic Co-operation and Development’s (OECD) annual report on employment. The ...

Continue reading Lowering Wages Counterproductive, Says OECD

August 22nd, 2014

The Ministry of Employment and Social Security has reported that the 50 euros flat rate social security contribution for new self-employed persons implemented last year, has so far encouraged a total of 267,964 new entrepreneurs to register in the Spanish Social Security system. Andalusia, Catalonia and Madrid are the regions where ...

Continue reading 50 Euro Social Security Flat Rate Boosts New Start-Ups

August 11th, 2014

Over the last 12 months, the number of people registered as unemployed in Spain has fallen by 278,954, and the year-on-year rate now stands at -5.94%. This rate has fallen by more than 18 points since the high of 12.5% recorded in May 2012. The accumulated reduction in recorded unemployment ...

Continue reading Recorded Unemployment in Spain Fell by 29,841 in July Month-on-Month

August 11th, 2014

The foreign demand for homes on the Costa del Sol was excellent last year, according to real estate consultant Aguirre Newman’s Residential Market Costa del Sol 2014 report. The study notes that while domestic demand is stagnant due to the macroeconomic context, the high rate of unemployment and difficulties in ...

Continue reading Costa del Sol Housing Prices Predicted to Fall Further

July 21st, 2014

The number of unemployed in Spain who, discouraged by the lack of economic expectations, gave up actively searching for a job, increased in 2013 to 5%, which is 1.7 percentage points higher than at the start of the crisis, according to an analysis prepared by the Institute of Economic Studies ...

Continue reading Number of Unemployed Not Looking for Work Rose to 5% in 2013

July 10th, 2014

Consumer confidence rose by 4.4 points in June over the previous month, to 89.3 points, reaching levels similar to those obtained before the start of the crisis in mid-2007, according to the Consumer Confidence Index published this week by the Centre for Sociological Research. Specifically, the current situation indicator improved 2.2 ...

Continue reading Consumer Confidence Rose to Pre-Crisis Levels in June

July 7th, 2014

Recorded unemployment in Spain fell by 122,684 in June over the previous month, putting the total number of unemployed persons registered with the Public Employment Services at 4,449,701. In seasonally-adjusted terms, unemployment fell by 16,113, which compares with an average increase of over 22,000 in the last five years. This is ...

Continue reading Spain’s Unemployment Figure Fell by 122,684 in June

July 4th, 2014

According to a report on the first half of 2014 published this week by the Sociedad de Tasación, the price of new housing in Spain fell by 4.8% last year, bringing the accumulated decline in market prices to 40% below their maximum values, i.e. to March 2002 levels. In the ...

Continue reading New Housing Prices at 2002 Levels

June 10th, 2014

The global credit rating agency, Fitch Ratings, has predicted that the price of housing in Spain will finally bottom out at the beginning of 2015, in a real estate market marked by high rates of unemployment and difficulties in obtaining financing. The agency highlighted the fact that the Spanish economy is ...

Continue reading Fitch Forecasts House Prices Will Bottom Out Early Next Year

June 9th, 2014

Recorded unemployment in Spain fell by a total of 111,916 persons in May, over the previous month, putting the total number of unemployed registered with the Public Employment Services at 4,572,385. This is the best recorded unemployment figure in a month of May since the current records began. Over the last ...

Continue reading Number of Unemployed Fell by 111,916 in May

June 6th, 2014

At the 30th Meeting of the Círculo de Economía held in Sitges (Barcelona) last weekend, the President of the Spanish Government, Mariano Rajoy, announced that the Government of Spain is finalising a raft of new measures to boost employment, that 6.3 billion euros will be invested in improving competitiveness, and ...

Continue reading Rajoy Announces Employment Plan and Corporate Income Tax Cut

May 9th, 2014

In an interview earlier this week on Spain’s premier radio network, Cadena Ser, Prime Minister Mariano Rajoy insisted that the latest unemployment figures show an overall improvement in the Spanish economy, but added that the change is still insufficient and hence his government's policies will remain in place until the ...

Continue reading Rajoy Optimistic Over Latest Unemployment Figures

May 2nd, 2014

According to the latest Labour Force Survey (incorporating the new population census data base), unemployment in Spain fell by 2,300 in the first quarter of the year over the previous quarter, a drop of 0.04%, and thus registered its first decline in a first quarter since 2005. After this cut in ...

Continue reading Unemployment Fell by 2,300 in First Quarter

April 28th, 2014

The credit rating agency, Fitch, believes that house prices in Spain will continue to decrease gradually up until 2015, when they will bottom out, and that they will accumulate a reduction of around 40% compared with their maximum values reached during the housing boom, before the crisis. In a report on ...

Continue reading House Prices Will Continue to Fall until 2015, Says Fitch

April 11th, 2014

The International Monetary Fund (IMF) has improved its growth forecast for the Spanish economy in 2014 by three tenths more than their previous forecast, and by two tenths more in 2015, to 0.9% and 1% respectively, as published in their 'World Economic Outlook' report, which also notes a more positive ...

Continue reading IMF Improves Forecast for Growth and Unemployment in Spain