NEW figures released by the Labour Ministry show that the Spanish economy is continuing to recover. In May 2015, 213,015 workers signed up to the Social Security system.
This is an increase of 1.25 per cent on the previous month. This makes the increase the strongest since 2005 with the total number of people within the system now totalling 17,221,310.
In comparison to the same period last year this represents a 3.57 per cent increase. The Secretary of State for Social Security Tomas Burgos said: “The figures are very encouraging but the underlying important issue is that more people are finding work and this is essential, not only for the contributions into the system, but for local economies where wages will be spent.”
There was also a significant drop in people registered as unemployed. There were 4,215,031 officially unemployed in May which is a drop of 34,160 on the previous month.
These figures underline 16 months of positive growth. The hotel sector led the growth with 65,563 new jobs. Administration provided 23,096 new jobs with commerce generating 19,726 and construction 14, 172.
Although some of these positions are seasonal the overall trend continues to be positive.
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