Unemployment fell to its lowest level since May 2007, as employment in ’ hit a record high

The labor market rebounded in May, traditionally marked by the start of hiring in conjunction with the summer season. Number of people registeredThe number of employment offices decreased by 36,323 compared to April to 2.32 million, Lowest figure since 2007’ in MayAccording to data released Tuesday by the Ministries of Labour and Participation, Social Security and Migration.

Registered unemployment chart showing each month of May for each year.

Compared to the same month last year, unemployment fell by 134,162 people. The decline has spread to all productive sectors, but a slight increase was noted in the group of people who had not previously worked in any job.

Social Security membership continued to increase. An average of 231,975 contributors were added to the system during the month, with the total number reaching 22.3 million registered employees, the highest level since the start of comparable registrations. Seasonally adjusted figure that corrects calendar effectsAfter 64 consecutive months of growth, the number of employees reached 22.1 million.

Record levels of membership were repeated in different population groups, including youth, women, men, self-employed and foreign nationals. The second reached 3.36 million.contributors and currently all registered employees are approx. %They make up 15 ’ini.

The hospitality sector was the most job-generating sector in May, with nearly 66,000 more registrations than in April. Thus, the sector is approaching 1.68 million participantsIt is due to the increase in tourism and service activities depending on the summer.

Significant gains were also noted in administrative and support service activities; About 27,000 registered workers were added last month, leaving close to 1.5 million workers behind. Health activities and social services on an annual basisWith more than 77,000 registered employees, it has made the biggest contribution to employment growth.

Monthly Changes in Unemployment

The private agriculture plan regained membership in May, adding about 21,000 participants, although it still showed a negative balance compared to the previous year. In turn, the special program for housekeepersIt continued to reduce the number of registered members on both a monthly and an annual basis.

The rate of self-employment also reached a new record; 3.46 million people are self-employed. Nearly 46,000 self-employed have joined the system in the last 12 monthsespecially in professional, scientific and technical activities. By gender, Social Security’te recorded 11.7 million men depositing premiums and 10.6 million women depositing premiums. Women are all working people now. %It's 47.45 ’ini.

In terms of unemployment, the number of unemployed women fell to 1.4 million, the lowest level since 2008 ’ in May. Even so, it stays on a little over 900,000’ menRegistered as unemployed. Youth unemployment fell again to 164,955 people under the age of 25, the lowest level since the beginning of the series. The number of unemployed women in this group was less than that of men.

List of registered unemployment under 25 years of age

The largest sector-by-sector drop in unemployment was in the services sector, with 29,829 fewer unemployed than in April. Unemployment has also declined in industry, construction and agriculture.The only group that increased were people who had never worked in any business before.

Regional differences continued to be important. The Balearic Islands recorded the largest monthly reduction in unemployment and the largest increase in membership, with almost 48,200 more participants than in April. On an annual basis, Madrid takes a leading position in job creation in absolute numbersThere are 127,841 more registered workers than a year ago.

In May, 572,061 permanent contracts were signed for recruitment, which %He created 43.2’sini. Such contracts have increased both compared to the previous monthand in the year to date.

In the meantime, Latest available data on unemployment protectionThe figure, which corresponds to April, shows that 1.78 million social benefits have been paid. The average amount received per beneficiary reached 1,168.30 euros per month; This was 22.6 euros more than a year ago.