April 10, 2021

The pandemic causes the largest drop in the Spanish average wage in 50 years


MADRID

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Covid has caused the largest year-on-year drop in the average salary in Spain in at least 50 years, 3.1%, to 1,641 euros per month, according to the Adecco Monitor of Opportunities and Job Satisfaction published this Monday. The study center of the human resources group emphasizes in this report that the upward trend in the average salary of the whole of Spain that had started in the second half of 2017 came to an end with the pandemic and with the temporary employment regulation files (ERTE), since the workers included in them do not receive the full salary, but 70% of the regulatory base.

According to Adecco, the average salary has fallen in all the autonomous regions except Murcia, where it has increased by 1%. For its part, Madrid maintains the highest average salary, with an average salary of 1,964 euros per month (-1.3% year-on-year), followed by the Basque Country, with an average salary of 1,954 euros per month (-1.5 %) and Navarra, which after a 0.7% cut, leaves its average remuneration at 1,837 euros / month.

Catalonia and Asturias retain the fourth and fifth place, respectively. However, the average Catalan salary has fallen by 4.6% year-on-year, to 1,725 ​​euros per month, the third worst regional result. For Catalan autonomy, this data implies having fallen back to the same level of 2017. In the Asturian case, the average remuneration is now 1,672 euros per month (2.2%), so that these five communities mentioned are the only ones with a average salary that exceeds the national average.

At the other end, The Canary Islands have fallen to the last place (1,281 euros per month; year-on-year fall of 12.8%), remaining below the average salary in Extremadura (1,338 euros per month; -2.7%). The largest year-on-year cut was suffered by the Balearic Islands (1,405 euros / month), with a year-on-year decrease of 13.2%. For both archipelagos, the salary for the fourth quarter of 2020 is similar to what they had in 2007.

On the other hand, according to the Adecco Monitor, Madrid (7.2 points) and Navarra (6.7 points) are the autonomous communities that meet the best conditions to work in Spain, while the Balearic Islands and Catalonia occupied those positions a year ago.

On the other hand, the report indicates that the different restrictions on economic activity to face the coronavirus pandemic have caused the fall in the workplace accident rate to continue, which had begun with the home confinement in March and April. Specifically, the 56.4 accidents that caused sick leave for every 10,000 employed persons (-18.8% year-on-year) that are recorded constitute the lowest mark since June 2013.

Unemployment rise

In addition, the monitor highlights that the total number of unemployed has increased to 3.72 million (the highest number in three years and 527,900 more than a year before), and that in the analyzed quarter there were 885,400 long-term unemployed, the third lowest record in a decade (68,600 less than at the end of 2019), so that all the increase in unemployment occurs among those of short duration.

Finally, the report indicates that, in Spain as a whole, 69.9% of the unemployed are receiving unemployment benefit, which represents a year-on-year increase of 1.3 percentage points. However, there is a setback compared to the 74.7% achieved in the second quarter of 2020.

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