Branch Minister José Luis Escrivá emphasizes the increase in permanent jobs
Despite the fact that the labor market has shown some signs of weakness in recent months, September has once again confirmed its enormous resistance in the face of the crisis caused by the rise in inflation and energy prices.
According to data released Monday by branch preacher, José Luis Escrivá, this month will close with some 40,000 new branches (60,000 in seasonally adjusted terms). “It’s surprising how much it rains,” Escrivá himself admitted during the presentation of the data.
The statistical reference indicates that, with the exception of September 2021 and 2020, when 57,000 and 84,000 average branches were won respectively, the estimated growth for this year (about 40,000) is well above that in all September of 2015-2019.
At a press conference to present the progress of the affiliation for September, Escrivá emphasized that the employment recovery is reaching almost all economic sectors, and that it is intensifying in higher value-added activities.
The variation in affiliation is “particularly favorable” compared to pre-Covid levels in the IT and telecommunications sectors (+17.4%), health activities (+9.6%) and professional, scientific and technical activities (+9, two%).
“We see no significant impact on job creation despite some rain. I’m quite baffled by the reflections that this is going wrong. Our analytical energy should be focused on analyzing the resilience of the Spanish economy in the complex international context,” he stated.
When asked whether one of the reasons that promotes job retention is that companies convert the reduction in their margins into selling prices, Escrivá says he “tends to think” that the fundamental reason companies have not changed their hiring and investment decisions. in the medium term, as they regard the current disruptions as “temporary”.
The minister emphasizes that employment is not only created, but also of a higher quality thanks to the labor reform. For example, 83% of member companies currently have an open-ended contract, 14 points more than the years before the pandemic.
Among those under the age of 30, Escrivá has emphasized, this increase reaches 32 points, as 37% of the September average for the period 2017-2019 rose to 69% in September 2022.
In total, according to the minister, there are 1.7 million more members with a contract for an indefinite period than in the pre-pandemic years, both with classic contracts for an indefinite period and with fixed-stop contracts. “The transformation from temporary to permanent contracts is often towards indefinite (traditional) contracts and part is converted into permanent-stop contracts,” said the minister.
This improvement in the quality of employment has also led to an increase in the average duration of contracts: more than 600,000 contracts of more than 30 days have been signed so far this year compared to the same period in 2019.
Source: La Verdad
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