labour

Catalonia leads reduction of unemployment in Spain in third quarter

October 27, 2016 07:08 PM | ACN

The number of unemployed people in Catalonia dropped to 552,500 people in the third quarter of 2016, representing a decrease of 51,100 people in relation to the second quarter, according to the latest Active Population Survey (EPA). The unemployment rate fell to 14.63%, the lowest since the fourth quarter of 2008. The environment of economic recovery, with record numbers in the tourism sector, led to the creation of about 42,700 new jobs, the largest number ever recorded in any of the seventeen regions of Spain. Catalonia closed the third quarter with 3.2 million employed people, a 3.64% increase over the previous year, and was the community with the highest number of people employed, ahead of Madrid (with 2.8 million).

Government to tally number of young Catalans living abroad and encourage their return

April 6, 2016 06:27 PM | ACN

The number of young Catalans living abroad will be tallied and efforts will be continued to encourage their return. The Department of Youth estimates that more than 3,000 young people left Catalonia to move abroad in 2014 and there were 242,070 Catalans living abroad by May 2015, according to data released by the Catalan Institute of Statistics (Idescat). Projects are being set forth to aid in providing access for entrepreneurs to profiles that are outside Catalonia, job opportunities in the field of research, and promote entrepreneurship within the region. Móncat, the web platform focused on employment opportunities, will also be geared towards connecting Catalans living abroad to opportunities in Catalonia. 

Catalan Minister for Business and Labour denies companies are leaving Catalonia

November 27, 2015 08:31 PM | ACN / Sara Prim

Catalan Minister for Business and Labour, Felip Puig has denied that companies are withdrawing from Catalonia or moving their tax base to other parts of Spain due to the Catalan political process. On the contrary, Puig pointed out, more companies are leaving Madrid to set up their tax base in other Autonomous Communities. He went on to claim that "an orchestrated campaign with distorted data" has been carried out to induce "fear" in companies, investors and the whole of the Catalan citizenry. Puig also emphasised that some of the companies which have changed their tax base have kept the business and the production within Catalonia and noted the 281% rise in foreign investment in Catalonia. 

Unemployment in Catalonia dropped by 11.7% in annual terms in July, and by 8.5% in Spain

August 4, 2015 04:34 PM | ACN

Registered unemployment decreased in Catalonia by 9,162 people in July compared to the previous month, the third-biggest drop for the month of July since 1996. The total number of people registered as unemployed with Catalonia’s Public Employment Service (SOC) at the end of the month was 501,785 individuals, which represents an 11.69% drop in annual terms, the highest percentage decrease since April 2000 (when registered unemployment dropped 11.94% compared to 1999 figures). In addition, the figures from July mean that there have now been 25 consecutive months of annual drops in the number of unemployed in Catalonia. As well as this, the total number of Catalans without a job and looking for one at the end of last month was the lowest  since July 2009 (when there were 495,911 jobless people). In Spain as a whole, registered unemployment decreased by 74,028 people from June to July, which represents an 8.45% annual drop and is Spain’s most significant decrease for the month of July since 1998.

Unemployment falls to 19.1% in Catalonia and 22.4% in Spain in June

July 23, 2015 09:23 PM | ACN

At the end of June there were 31,900 fewer jobseekers in Catalonia than in March and 44,200 less than a year ago, according to the Active Population Survey for the second quarter of the year released on Thursday. These figures mean Catalonia's total number of unemployed was 726,200 individuals and that the unemployment rate was 19.1% at the end of the second quarter. In March, the unemployment rate was 20.05%; in December, 19.88%; and in September, 19.1% as well, the same as for June of this year. In addition, the number of people with a job increased by 51,800 individuals between March and June, a 1.71% increase in quarterly terms. Compared to a year ago, in June there were 35,000 more people with a job than in June 2014. At Spanish level, unemployment also decreased during the second quarter of the year, with 295,600 fewer jobseekers registered, a 5.43% reduction on figures from March. In the whole of Spain, there were 5,149,000 people without a job and a 22.37% unemployment rate overall.

Independence would be economically beneficial for Catalonia, finds Brussels think tank CEPS

July 15, 2015 09:40 PM | ACN

The Brussels-based Centre for European Policy Studies (CEPS) and Barcelona-based Centre for International Affairs (CIDOB) think tanks, together with an Italian and a Greek research centre, have presented a report stating that the economy of an independent Catalonia would grow more in the next 15 years than if the current 'status quo' was kept. The study analyses 3 different scenarios: the current model, an agreed independence process and a unilateral declaration of independence. In either case of independence, the Catalan economy would be in better shape in the long-run than if the current framework was kept, the researchers conclude. However, in the event of a unilateral process, there may be negative economic effects in the short-term, mostly due to uncertainties related to EU Membership. Nonetheless, they consider the current inter-territorial fiscal scheme – imposed by the Spanish Government – "unsustainable at macroeconomic level" for Catalonia.

IMF recommends that Spain increase the fiscal capacity of regional governments

June 8, 2015 09:51 PM | ACN

The International Monetary Fund (IMF) has reviewed and improved its economic growth forecasts for Spain, going from a 2.5% growth rate for 2015 forecast in April to a 3.1% one foreseen this June, and from 2% to 2.5% for 2016. However, the IMF has also issued recommendations and warnings, emphasising that Spain will have to carry out "additional fiscal efforts" and "structural reforms" in order not to jeopardise the country’s economic recovery. The IMF recommends that Spain reduce the costs of public healthcare and education by making users pay for part of the services. According to the international organisation, Autonomous Community governments – such as Catalonia's – should have greater fiscal responsibilities in such systems since they exclusively manage them. In this vein, the IMF has praised the fiscal consolidation efforts undertaken over the past few years by regional governments and has asked for an increase in their funding and fiscal powers, as well as for the adapting of the deficit targets to their needs.

Catalan registered unemployment drops by 3.27% in April; largest decline in Spain and for 19 years

May 5, 2015 09:41 PM | ACN

Official data released on Tuesday by the Spanish Employment Ministry show that both Catalonia and Spain as a whole registered the largest monthly decline in unemployment for a month of April since 1996. In particular, Catalonia closed last month with 552,974 people registered on the Catalan Public Employment Service's list, which means 18,681 fewer jobseekers in comparison with March 2015, a 3.27% drop. In annual terms, registered unemployment in Catalonia fell by 9.62% (58,848 fewer people), which is the highest percentage decline since May 2000. These figures mean that registered unemployment in Catalonia has fallen for 22 consecutive months. In Spain as a whole, at the end of April 2015 the number of people registered as unemployed stood at 4,333,016, which means 118,923 fewer jobseekers than in March, representing a 2.67%. In annual terms, registered unemployment in Spain dropped by 7.5%, as 351,285 fewer people were registered as looking for a job.