Unemployment fell by 197,841 in July, the largest monthly decline in history

Unemployment in Spain fell by 197,841 in July, down 5.47% from the previous month. According to data provided by the State Public Employment Service (SEPE), this is the biggest drop in any month in history, and surpasses those of the months of May and June that also closed with record falls.

By gender, unemployment in July fell more among women, with 104,891 unemployed less (-4.94%) than in the previous month, while male unemployment stood at 1,398,779 when it fell to 92,950 men (-6.23%).

In July, unemployment among young people under 25 fell by 36,926 (-12.34%) compared with the previous month. Unemployment among those aged 25 and over is also reduced by 160,915 (-4.85%).

Unemployment is low in all the autonomous communities, with the greatest falls in Andalucia, Cataluña and the Canary Islands, while Galicia, Extremadura, Asturias, Castilla-La Mancha, the Balearic Islands and the autonomous city of Melilla have less registered unemployment than at the beginning of the health crisis.

Thus, the number of members of the Social Security in the month of July stands at 19,400,964 people. This is the highest number of people employed since February 2020, the month before the onset of the Covid-19 health crisis. In July, membership increased by 133,049 over the previous month (an increase of 0.69%).

Written by BayRadio