Madrid creates 39,000 of the 62,000 new jobs

At a time when the main national and international organizations cut their growth forecasts for the Spanish economy and delay the recovery until 2023, the job market is once again showing signs of strength in the midst of the pandemic. In defiance of economic dogmas, employment takes the lead over economic growth and breathes air into the economy with growth annual record 4% supported by the labor law that Pedro Sánchez has agreed to repeal.

The difficult journey that employment has gone through since the Covid crisis broke out has been truffled with historical figures in the last part of the year thanks to the impulse of the regulation approved in 2012, which provided companies with

high doses of flexibility to adapt to the ups and downs of the economy. In November, against all odds, unemployment fell for the ninth consecutive month and it was possible to return to pre-crisis employment figures. Today there are 502,129 affiliates more that in February 2020 just before the pandemic began and the total number of workers registered in Social Security amounted to 19,752,358, the highest in the series.

However, in this total number of affiliates are added workers who are still in ERTE, which amount to 125,632, and the 106,180 self-employed who are receiving benefits for cessation of activity. In other words, in order to know the actual employment data, these two figures would have to be subtracted from the total number of contributors, which would leave the number of employed at 19,520,540, that is, 270,317 more than the month prior to the outbreak of the pandemic. Regardless of one figure or another, employment has not shown, at the moment, a single sign of that possible sixth pandemic wave that is besetting Europe due to the South African variant.

In that pandemic journey that employment is going through, Madrid once again gains muscle and stands as the Spanish region that has created the busiest in Spain with liberal policies as its own tools to boost activity. Since 2014 the capital maintains a low tax fiscal policy, has squeezed the fiscal autonomy that it has, together with all the communities of common regime, so they can raise or lower taxes such as Heritage or Inheritance to the level they want. The management of this competition is what has distinguished autonomy from other regions, has allowed citizens to pay less and has managed to attract companies from all over the world, also in these times of strong uncertainty due to the coronavirus.

Last month, 61,768 new Social Security contributors were registered, of which 39,000 were generated in Madrid. This is collected by the latest data on unemployment and affiliation provided by the Government, which shows that the region headed by Isabel Díaz Ayuso is the one that creates the most employment in Spain. In the last year, affiliation in this autonomy has grown by 4.6% (147,193 people) compared to 3.8% for the country as a whole, which registered 730,356 new jobs.

The same dynamic is repeated when unemployment is analyzed. In November, eThe number of unemployed was reduced by 74,381 to put the total figure at 3,182,687, the lowest figure since 2008 in a month that traditionally tends to be bad for employment. The rate of decline of the indicator was also higher in the region, 2.9% in the last month, with 11,477 fewer unemployed, compared to the 2.3% reduction in Spain.

The finishing touch to the good data of the labor market was placed in November by hiring. 2,021,546 were formalized. Of these 282,981, 14%, were indefinite, the highest figure since there are records. In this case, Madrid also stands out, with a stability percentage that reached 20% in the same period, and it does so just at the moment when Yolanda Díaz wants to put limits on temporality.

Hiring in autonomy in the penultimate month of the year was 270,745, 64.3% more than in the same month last year and 9.1% more than the previous one (in Spain the increase was 3.8% and 6.8% respectively). Of the contracts formalized, 54,373 were permanent. This year the Community of Madrid has achieved the highest stability rate in Spain: almost one in five new contracts are permanent.

Madrid businessmen closed ranks yesterday with Isabel Díaz Ayuso in the midst of the Government’s offensive against the policies it applies in the region. “At CEIM we are very proud that out of every ten affiliations that are registered in Spain, six do so in the community,” said Francisco Aranda, spokesman for the Madrid employers’ association chaired by Miguel Garrido. He assured that Madrid is the community where there is greater business confidence and where more than 80% percent of Madrilenians They have an indefinite contract and he recalled that “in all this the friendly fiscal policy of the community and also the labor reform of 2012. That is why we are very concerned that the Government intends to raise taxes and undertake a labor counter-reform by introducing rigidities in the labor market, decisions that would stop employment and wealth in its tracks and, therefore, the well-being of the people of Madrid ».

More than a thousand freelancers

The CEOE also came out in defense of the PP rule as a driver of good labor market data. “You have to wonder if with these data, which are objectively good, it makes sense to repeal the labor regulations that are allowing us to recover the jobs lost in all these months of the pandemic. And at times when the productive fabric is still convulsed with factors that directly affect our economy, such as the rise in energy costs, fuel, the CPI, the shortage of certain raw materials or components “, said Lorenzo Amor, CEOE vice president and ATA president, who celebrated that 1,080 freelancers will be added in November.


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