Social Security ends the year with more than 19 million employed for the first time since 2007 | Economy

Social Security ends the year with more than 19 million employed for the first time since 2007 | Economy



The labor market has once again ended one year with more than 19 million employed members of Social Security. This is the first time this has occurred since December 2007. Then there were 19.37 million and in 2018 it was 19.02, according to the Ministry of Labor. This has been possible because in December the average number of contributors has grown by 78,541 workers.

The good news in December came not only from the employment side, but also from the other side of the labor market: unemployment, which fell by 50,470 unemployed to just over 3.2 million registered in public offices.

The return to the level of 19 million members is largely due to the fact that the labor market in December has accelerated again. This gain of almost 80,000 contributors is the highest since 2015 and allows the year to end with a total growth of 564,000 employed in Social Security, 3.06% more than in December last year.

This last percentage is the one that proves that recovery regains some strength. Last month was below 3%, following the wake of some deceleration that shows the Spanish economy. However, in December the pull of health and trade between employees returned some vigor and compensated for the decline of hospitality.

2018, as has happened in previous years, once again demonstrates the strength of labor recovery. But also the depth of the fall between 2008 and 2013, those just over 19 million members still, five years after the improvement started, do not mean recovering all the jobs lost in that period.

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