Unemployment increases by 20,525 people in November, its biggest increase this month since 2016

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The number of unemployed registered in the offices of the public employment services (formerly Inem) rose by 20,525 unemployed in November (+ 0.6%), its highest increase this month since 2016, when it increased by 24,841 people.

After the rebound in November, the fourth in a row after August, September and October, the volume total unemployed stood at 3,198,184 unemployed, its lowest level in a month of November since 2008, as reported on Tuesday by the Ministry of Labor, Migration and Social Security.

Within the historical series of November, which begins in 1996, unemployment has risen 20 times and has fallen by four, the last one last year, when it fell by 1,836 people. The rebound in November of this year is the most pronounced since 2016, although, according to Work, this increase practically equals the average increase in this month in the last ten years (+20,477 unemployed).

In seasonally adjusted terms, unemployment rose in the penultimate month of the year in 4,113 people.

He service sector was the one that raised the most the number of unemployed in November, with an increase of 23,934 unemployed (+ 1%), followed by construction (+1,738 unemployed, + 0.7%). The rest of the sectors reduced their number of unemployed. Thus, unemployment fell by 2,825 people in the group without previous employment (-1%), 1,715 people in agriculture (-1,1%) and 607 people in industry (-0,2%).

In the last year, unemployment has been reduced by 54,683 people, at an interannual rate of 1.68%, a rate that has moderated almost seven tenths compared to last month, when unemployment fell at an interannual rate of 2.37%, equivalent to just over 77,000 fewer unemployed.

Regarding hiring, in the penultimate month of the year they were carried out 1,764,169 contracts, 5.5% less than in November 2018, of which 171,612 were indefinite contracts, 9.7% of the total, with a decrease of 13.1% compared to the same month last year.



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