The first quarter with the highest increase in unemployment in a decade -103,800 people more between January and March-, excluding 2020 due to the pandemic, also recorded job destruction -11,000- much lower than that of that period in previous years. years. An apparent contradiction explained by the increase in the labor force: more citizens are looking for work given the favorable behavior of the labor market despite the turbulence. Unemployment also increased in the Region (3,900 more unemployed), bringing the regional figure to 13.48%, two tenths above the national figure. The EPA casts lights and shadows that make it necessary to wait for new data before concluding whether employment is starting to suffer or will be able to resist without a noticeable deterioration in the numbers. The government endorses the optimism by emphasizing the increase of 368,000 employees in the past year, a very commendable development given that it took place in an unfavorable context. It is no less true that the unemployment rate has reached its third consecutive increase, at 13.26%, more than 5 points above the EU average, confirming that our country is still far from solving a serious structural problem.
Source: La Verdad
I am George Kunkel, an author working for Today Times Live. I specialize in opinion pieces and cover stories that are both informative and thought-provoking – helping to shape public discourse on key issues. My work is regularly featured across the network’s many platforms, including print media and social media.
