Immigration and Business in Spain: Juan Pablo Riesgo, Secretary General of the Ministry of Employment and Social Security, stated at a recent press conference that Spain is expected to add 600,000 new jobs by the end of 2015. Based on the growth trend of job positions as of July, achieving this goal is highly likely.
Unlike his stance when he first took office in June, when he was skeptical of data projections, Riesgo now believes that job growth projections are based on macroeconomic foundations. As early as two months ago, they were already able to analyze employment trend changes through macroeconomic trends, and such projections are beneficial for market planning.
Riesgo stated that June marked the fifth consecutive month in which the unemployment rate has been controlled and has declined. Accompanying this change is a continuous increase in the employment rate. The number of employment contracts signed in June alone reached a historic high, the highest since October 2007. The growth in the employment rate indicates that the labor market is developing in a positive and active manner and is gradually getting back on track. At the same time, the annual unemployment rate has decreased by 7.4%, a figure that is very optimistic for the Spanish market.
Riesgo believes that while the reality remains challenging, the trend of improvement is very encouraging. In the future, fiscal measures will be used to manage, stimulate, and guide the continued rise in employment rates, promoting the positive development of the job market.