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Official quarterly data points to a rise in jobless rates so far this year

Official quarterly data points to a rise in jobless rates so far this year
/ ELVIRA MEGIAS
  • Statistics published on Thursday in the quarterly active population survey indicates a slowdown in the labour market

Data published on Thursday this week confirmed that the Spanish labour market is slowing down. The quarterly active population survey, EPA, is considered the most reliable analysis of the country's unemployment rate and reported that, although jobs were created between July and September this year, the amounts were significantly less than previous years.

The number of people in work grew by 69,400 people in the third quarter of 2019, a rise of just 0.35%, which was a third of the rise a year ago in the same period of the year.

The number saying they were out of work went down just 16,200 people in the last quarter, a tenth of what the count fell by in 2018 and the lowest drop since 2012.

The seasonally adjusted average, however, was worse, showing that unemployment grew by 1.7 per cent compared to the previous quarter. The official national unemployment rate is 13.92%, although this in the first time in over ten years that it is below 14%.