The Minister of Inclusion, Social Security and Migration, José Luis Escrivá, has advanced the affiliation forecast at the end of October, for which he expects to add 15,000 new affiliates to Social Security seasonally and 102,000 in the seasonal series . The data for the tenth month of the year of this 2023 is lower on average than that of other exercises, a fact that the minister argues for a shift in hiring from October to September in the Education sector.
The head of Social Security recognizes a month “a little below” the 30,000-35,000 jobs that are being created monthly in seasonally adjusted values.
“The fact that employment continues to grow, even if only a little, in an environment like this, must have a positive assessment. If we add the element of education, it leads us to think that in terms of employment we still do not see a slowdown in the pace of job creation”, pointed out Escrivá, who has insisted that, for now, “no cooling” of employment is detected, which is growing at “trend” rates close to 2% or 2.5% since the end of the effect pandemic.
The minister explained that between August and October of the 2017-2019 period, years that he considers more comparable because they were not affected by the pandemic restrictions that did impact 2020 and 2021, around 40,000 jobs were created per month. The current figure is 42,000, slightly above . “What we see is that we have indicators and signals that operate at a high activity rate and October is part of that dynamic,” he pointed out.
Despite the fact that affiliation in the education sector ‘weakened’ in October, other sectors are proving to be “very strong”, such as commerce, and employment continues to grow in technological and high value-added sectors, which, in turn, , due to their higher salaries, is helping to boost income from social contributions, which are growing at rates of 8.5%. In fact, Escrivá has indicated that income from installments is already equivalent to 11% of GDP, an unprecedented figure in the Social Security system.
Employment and hiring
In the comparison with the levels prior to the pandemic and taking into account the current price crisis and the conflict in Ukraine, Spain already exceeds the pre-Covid levels by 750,000 affiliates, with a job creation of 400,000 throughout the current year . The average variation since February 2020 at the national level represents an increase in affiliates of 4.5%.
Escrivá has highlighted that, in addition to continuing to create jobs, their quality is being boosted “overwhelmingly” by the labor reform. Thus, 84% of contracts are now indefinite, fourteen points more than before the reform. In young people, the proportion of them with indefinite contracts is 7 out of 10, compared to 4 out of 10 before the pandemic.