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Job creation slows down: unemployment rises in July by 3,230 people to 2,883,812 unemployed

BayRadio | August 2, 2022

Unemployment increases in July. The data published today by the Ministry of Labour and Social Economy show how the number of unemployed has increased this past month: in particular, 3,230 people have lost their jobs, 0.1% more than in June; a figure that breaks with 16 consecutive months of reduction of unemployment in our country, because since March 2021 the figure was decreasing.

In this way, unemployment is less than 3,000,000 unemployed, in particular 2,883,812, a figure that reflects the problem that Spain can face with the arrival of autumn, after the end of the summer campaign and the increase in inflation caused by the war in Ukraine.

The government insists that “it is not the first time that unemployment rises slightly in a month of July” and explain that this upturn “has been significant since the middle of the month, largely due to international uncertainty”.

However, despite this slight rise, unemployment has fallen by 532,683 compared to 2021 (a year ago, the figure stood at 3,416,498), the biggest fall year-on-year in a month of July and the best figure recorded in the last 14 years.

The Ministry of Labor already warned a few days ago of the “changing trend” that was taking place and today Yolanda Díaz herself has assured, through her Twitter account, that we are facing an “uncertain and complicated” scenario caused by inflation and the economic consequences of the war in Ukraine.

Written by BayRadio

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