Employment grows by half a million and joblessness falls by 354,000 in 2015

Number of people signed up with Social Security system sees record growth in December

An employment office in Alcalá de Henares (Madrid).
An employment office in Alcalá de Henares (Madrid).EFE

The year 2015 was a good one for the labor market, with both employment and jobless rates experiencing a positive evolution.

Over the 12-month period, there were more than 533,000 new contributors to the Social Security system, a figure that is used as a measure of job creation. The total number of affiliations rose to 17,308,400 people, according to the Labor Ministry.

Meanwhile, the number of unemployed fell by 354,000 people for a total of 4,039,508 individuals without a job. In seasonally adjusted terms, the jobless rate has been dropping for 30 out of the last 32 months.

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Broken down by sectors, jobless claims fell predominantly in services (-2.22%), followed by agriculture and fisheries (-1.09%), while they rose in industry (1.25%) and most notably in construction (3.53%).

Social Security affiliations rose significantly in the month of December, with 85,314 new contributors, representing the largest increase since the current series began. Year-on-year, 2015 ended with an average of 533,186 new contributors, a 3.18% rise from the previous year.

English version by Susana Urra.

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