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Unemployment fell by 86,260 in April and stood at 3,022,503

BayRadio | May 4, 2022

The number of unemployed this April has fallen by 86,260 from the previous month. The decline has been 2.77%. In annual terms, unemployment decreased by 888,125 people, compared to April 2021, according to data published by the Ministry of Labour and Social Economy.

This year’s figure is the best since April 2019, when unemployment fell by just over 91,000 people. It represents 22.7% less unemployment, compared to the previous year.

A total of 1,450,093 contracts were signed, of which 698,646 are of an indefinite nature. They represent 48.2 per cent of the total. Last December, before the Labor Reform, indefinite contracts accounted for 10% or 31% in March.

Forty-four per cent of contracts signed by people under 25 are also of an indefinite nature.

In total, 1,767,836 indefinite contracts have been made in the first four months of 2022. They represent a rise of 181.55% over the same period, but from the previous year. Recruitment is growing across the board in all sectors, especially in Agriculture and Construction.

In the case of agriculture, 50% of open-ended contracts were registered during the month of April. In December 2021, indefinite contracts were 3%.

In Construction, it has gone to 74% in this month of April in terms of indefinite contracts compared to 23% in the month of December.

By economic sectors, unemployment fell in services by 65,422 people, in agriculture by 9,544 people and in construction by 6,972.

Unemployment among women fell by 43,043, or 2.35 per cent, compared with March, to 1,788,385. Men’s unemployment fell from 43,217 to 1,234,118 to 3.38 per cent.

Compared to April 2021, unemployment among women has fallen by 20.98% and among men by 25.09%. Unemployment among young people under 25 is 4.70 per cent lower than in the previous month.

Written by BayRadio

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