The nnumber of registered stops in the offices of the public employment services (formerly Inem) increased by 76,216 unemployed in January (+ 1.8%), its smallest increase this month since 2018, when it increased by 63,747 people, according to data published this Tuesday by the Ministry of Labor and Social Economy.
With this rise in unemployment, the fourth in a row after October, November and December 2020, the total volume of unemployed reached at the end of the first month of the year the figure of 3,964,353 unemployed, which means 710,500 more unemployed than a year earlier (+ 21.8%).
The Ministry has highlighted that, despite coinciding with a “delicate moment” of the health crisis and with restrictive measures on economic activity, the increase in unemployment in January is 15.5% lower than in the same month 2020, when it rose by just over 90,000 people. It is also lower than the rebound registered in January 2019, which exceeded 83,000 unemployed.
According to the historical series, which begins in 1997, unemployment has risen in all the months of January without exception. Its biggest increase this month occurred in 2009, with 200,000 more unemployed. January this year is, according to Labor, the fourth lowest rise in unemployment since 2008.
The unemployment data for January, as occurred in previous months, does not include workers who are on suspension of employment or reduced hours as a result of an ERTE, since the definition of registered unemployment does not count them as unemployed.
In seasonally adjusted terms, registered unemployment fell in January by 17,544 people, while in the last year unemployment accumulated an increase of 710,500 people, which is 21.8% more.
In January, 1,302,429 contracts were registered, 26.2% less than in the same month of 2020, of which 124,191 were permanent, 9.5% of the total and 30.6% less than in January of last year.
Work has also reported that Spending on benefits reached 2,472 million euros in December, of which 768 million corresponded to benefits for workers in ERTE.
Social Security in January lost an average of 218,953 contributors compared to December (-1.1%), which placed the total number of employed persons at 18,829,480 contributors, according to data from the Ministry of Inclusion, Social Security and Migration, which has highlighted that this decrease in affiliation is slightly lower than in January 2020.
In seasonally adjusted and calendar corrected terms, the system added 39,814 contributors in January, to a total of 19,105,081 employed. This is the eighth consecutive month in which enrollment has increased in the seasonally adjusted series.
In the last year, Social Security has lost 335,014 affiliates in average values (-1.7%), which represents a moderation of almost three points compared to the interannual rate in June (-4.58%), when they lost almost 900,000 affiliates in a year.
The number of workers at ERTE closed the month of January at almost 739,000 people, 35,625 more workers in ERTE in the revised series.
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.