Registered unemployment rises by 21,884 in August, the lowest increase for this month since 2016
News - 2024.9.3
The number of unemployed people registered in the offices of the State Public Employment Service (SEPE) at the end of August increased by 21,884 people (0.86%) compared to the previous month.
In seasonally adjusted terms, registered unemployment fell by 7,724 people.
Registered unemployment stood at 2,572,121, the lowest figure for a month of August since 2008.
Unemployment by economic sector
Registered unemployment fell in the Agriculture sector by 2,337 people (-2.60%), and among the group Without Previous Employment it decreased by 3,150 people (-1.33%). It increased in Services by 20,189 people (1.11%), Construction by 4,187 people (2.11%) and Industry by 2,995 people (1.50%).
Unemployment by sex and age
Female unemployment increased by 10,913 women (0.71%) to a total of 1,550,658. This is the lowest figure in the historical series for the month of August.
Compared to August 2023, female unemployment fell by 78,783 women (-4.83%).
Male unemployment increased by 10,971 men (1.09%) to 1,021,463 registered unemployed.
Unemployment among young people under 25 years of age increased in August by 2,186 persons (1.25%) with respect to the previous month and stood at 177,112, the lowest figure in the series in August.
The number of consecutive months of year-on-year declines is now 40.
Unemployment by autonomous community
Registered unemployment fell in August in four Autonomous Communities, with the largest falls in absolute numbers occurring in the Canary Islands (-443 people), Extremadura (-365 people) and La Rioja (-130 people).
Contracts
The total number of contracts registered in August stood at 1,040,159. Of this total, 389,735 permanent employment contracts were registered, 37.47% of all contracts.
The number of temporary contracts registered in August 2024 was 650,424, 19,480 (-2.91%) fewer than in the same month of the previous year.
Unemployment benefits in July
Existing beneficiaries at the end of the month were 1,804,488 (+1.4% y-o-y).
The coverage rate stands at 75.55%, the highest for a month of July since 2010.
The average monthly expenditure per beneficiary, excluding the agricultural subsidy in Andalusia and Extremadura, in July 2024 was €1,062.8, which represents an increase of €41.6 (4.1%) over the same month the previous year.
The total investment in benefits in July 2024 amounted to almost €1.9 billion.
Non official translation