Job creation plummets in Catalonia while still growing in Madrid

Job creation plummets in Catalonia while still growing in Madrid


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The Job creation has slowed down severely in Catalonia during the last year. In 2018, the Catalan economy generated 14,310 fewer jobs than in 2017, which means a 12.9% drop in the pace of job creation. The data contrasts with the dynamism that is still registered in the Community of Madrid, which in this last year has created 122,925 net jobs, 3,560 more than in 2017. The economy once again highlights the independence movement installed in the Generalitat.

During 2018, the pace of employment generation has slowed down in most regions, but in Catalonia it has appreciated in a special way, given the weight of its economic fabric in the national aggregate. In relative terms, Asturias and Cantabria were the two regions where employment creation slowed the most in 2018, with a decrease of 45% and 41.9% with respect to the levels reached in 2017. In Aragon, job creation was cut 35%; 27% in the Balearic Islands; 25.3% in Castilla y León; 18.9% in Castilla-La Mancha; 15.3% in the Canary Islands; and 13.4% in Murcia. But, in spite of being more pronounced percentages than in Catalonia, in none of these regions the impact in absolute figure is even close to that which has had in the Catalan economy.

In the national aggregate, in 2018 Spain created 47,181 fewer jobs than in 2017, and almost a third of that decline has been due to Catalonia, to the 14,310 fewer jobs that region has generated during the last year compared to those created previous. Barcelona has been the Catalan province that has most noticed this slowdown -has created 11,718 net jobs less than in 2017-.

The performance of the Catalan labor market in 2018 has not only been markedly worse than that of Madrid, which continues to grow strongly. Also the Valencian Community, Extremadura, Andalusia, Galicia, La Rioja and Navarra have outstripped to Catalonia in this particular.

In case of Andalusia is especially relevant, because in 2018 it has created almost 2,000 net jobs more than Catalonia, where the occupation is increasing below the national average. Thus, despite the slowdown, total employment increased in Spain by 3.1% in twelve months; in Catalonia, 2.9%.

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