The National Institute of Statistics and Geography (Inegi) has announced that the unemployment rate in the country dropped to 2.3 percent in March, its lowest level on record. This significant decrease can be attributed to the boost of the secondary sector and the creation of over 400 thousand jobs in that month, according to Inegi.
Out of the total employed population, 41.6 million were subordinate and paid workers, representing a one million increase from the previous year. Meanwhile, 13 million worked independently, 3.1 million were employers, and 2.1 million worked in businesses or family plots. According to ENOE figures, 26.5 million people were in the services sector, 11.4 million in commerce, and 10.3 million in the manufacturing industry. Additionally, there were 6.2 million in agricultural activities, 4.6 million in construction, and 424 thousand in other economic activities.
The positive trends reflect a healthy and thriving economy in the country as various sectors contributed to decreasing unemployment rates and increasing employment levels.
In conclusion, these statistics indicate that there is a growing job market with diverse sectors contributing to its growth which is beneficial for individuals seeking employment opportunities as well as for businesses looking for skilled workforce to expand their operations.
Furthermore, this report also shows a decline in unemployment rate from February’s figure of 2.5 percent and January’s figure of 2.9 percent which signifies a positive trend towards economic development.
Overall, these findings suggest that Spain’s economy is showing strong signs of growth with a focus on creating new jobs opportunities across various sectors while also maintaining low levels of unemployment rates making it an attractive place for both businesses and job seekers alike
