Díaz and Escrivá admit that the labor market is cooling, especially in the second half of July, leading to falling short of forecasts and forecasting poorer data for the summer months
The government wants to prepare us for the coming months that seem complicated. If the labor market has so far resisted the complex international economic context against all odds and created jobs at a surprising pace for a war and runaway price scenario, it will not continue like this for the foreseeable future.
The month of July will see a ‘slowdown’ in employment that has hitherto been anecdotal. This dropped the second vice president, Yolanda Díaz, during a radio interview, who warned that “we are noticing certain uncertainties in the job market”. “I am clear: we have seen delays since July 15 and, as you know, the months of August, September and October are never positive in this country,” said the labor minister, admitting that if the gas supply to Germany were cut off off , the impact this would have in Spain is “complex”.
Along the same lines, the Minister of Social Security, José Luis Escrivá, also acknowledged “a certain slowdown” in the pace of job creation, especially in the second half of July, making his forecasts of generating about 14,000 jobs unlikely to be met. achieved. this month, a figure that for this period was already the lowest in the past decade.
However, Escrivá wanted to get the iron out of this cooling and attributed it to the fact that it had to slow down “at some point” because such high growth is not “sustainable” over time. In addition, he pointed out that where a “less dynamic behaviour” is most noticeable in the public sector, more specifically in education, while highlighting that “there are many sectors” that continue to do “very well”, albeit without specifying which.
Not only from the Executive did they warn about this slowdown in employment. Businessmen also raised their voices this Thursday against a “deterioration in employment trends” in the coming months, as there are “negative risks” such as the intensification of inflation, international uncertainty, the rise in interest rates and, in general, the slowdown. of the economic recovery. For this reason, Cepyme, the employers’ association of small and medium-sized businesses, has sent a clear message to the government that instead of “hampering” the activity of companies with new measures that “increase uncertainty and deter investment and which assume that increase of fiscal and administrative costs”, to “increase efforts not to jeopardize the economic recovery and to support businesses”.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
