jobs

The Catalan economy’s indicators are posting positive figures and the research department of the BBVA bank has reviewed its growth forecast for Catalonia for the current and the next years. According to the report issued on Thursday by the BBVA, the Catalan economy will grow by 1.3% in 2014 and by 1.8% in 2015, which are higher rates than those initially predicted. On top of this, 140,000 new jobs will be created in those two years, which represents a 4.3% employment growth. In addition, it puts an end to the negative trend that destroyed 17.3% of the existing jobs between 2008 and 2013. The BBVA also praises “the very significant effort” made by the Catalan Government to reduce public deficit in the last few years, although they will not be enough to meet the strict deficit objectives for 2014 and 2015, unilaterally imposed by the Spanish Government.

Catalonia’s registered unemployment figures for October have been released by the Spanish Ministry of Employment and Social Security, and while they have increased it is the lowest rise in four years. The number of people registered at the Catalan Public Employment Service (SOC) stood at 587,133 people in October, a rise of 1.97% since September, with an increase of 11,321 people. This October increase is the lowest in four years according to the Ministry series, which began in 1996. Compared with October last year, the number of unemployed people in Catalonia decreased by 7.37%, equivalent to 46,699 people. Since July 2013, this represents 16 consecutive months of annual decreases. In the whole of Spain, there were 4,526,804 people unemployed in October, 79,154 more than in September. Across Catalonia, unemployment increased in monthly terms in all four provinces, but decreased throughout in annual terms. The Catalan Government "confirms positive trend" in employment.

Figures released by the Barcelona Chamber of Commerce on Monday showed that the economy of Catalonia is set to grow by 1.6% in 2014 and 2.1% in 2015. The Chamber also predicted that by 2015, there will be a 2% rise in Spain’s GDP and 1.4% in that of the Eurozone countries average. According to the President of the Chamber, Miquel Valls, the recovery of Catalan and Spanish economies is "solid", but he stressed that the "austerity in wages" must be maintained. This report comes after the success of all Catalan banks passing the stress tests issued by the European Banking Authority and the European Central Bank, which 25 banks across Europe failed. Related economic news is that the unemployment figures released for third quarter of 2014 set Catalonia’s rate at 19.1% and Spain’s at 23.67%.

Spain's unemployment rate at the end of the third quarter stands at 23.67%, according to the latest Active Population Survey (EPA). The unemployment rate for Catalonia has fallen below 20% for the first time in the last 3 years and is set at 19.10%. The number of unemployed people in Catalonia has dropped by 44,400 in the third quarter of 2014, a decrease of 5.76% compared to the previous quarter. This is the biggest reduction since at least 2002, when the Spain's Statistical Institute began the series. Thanks to the creation of 69,100 new jobs in Catalonia over the last 12 months, there are now 34,800 more people employed in the third quarter. This makes Catalonia have the second highest unemployment drop in Spain, second only to Madrid Region (-48,200 people). The Catalan Minister for Business and Employment, Felip Puig, has called the figures are "encouraging" and "hopeful", although a 19.1% rate is still "very high".

September’s registered unemployment figures have been positive for Catalonia, with all provinces registering overall annual figures showing jobs to be on the rise. For over a year, unemployment has been falling in the four Catalan Provinces, such as Girona for 14 months, Barcelona and Tarragona for 15 months, and for 16 in Lleida. Catalan figures registered an increase of 4,196 more people unemployed in September than in August, due to the termination of seasonal jobs. However, it represents the lowest rise in a September month since the crisis began. In annual terms, unemployment continues to decline, with 15 consecutive months of numbers falling, and 45,099 less unemployed this September than last year, representing a 7.26% drop. The number of contracts signed has risen by 15.6% in annual terms to reach a total of 224,717, of which there was an increase of 26.4% in permanent contracts.

The President of the Catalan Government, Artur Mas, stated that his "full commitment" is to make sure that Catalans can vote on the 9^th of November self-determination consultation "with full democratic guarantees". In his opening speech at the Catalan Parliament’s main annual debate, Mas emphasised that his will is to make use of his entire term in office, which ends in November 2016, but only "if it is possible". He hinted that early elections could be called if November's vote could not be carried out with "enough democratic guarantees". In addition, Mas stressed the Government's "unequivocal commitment" to eradicate corruption. He also underlined that the Catalan economy is starting to recover from the economic crisis, leading Spain's recovery. However, he warned of the weak situation of public finances and of Catalonia's self-government because of Madrid's recentralisation and unilateral actions.

The Catalan Government will invest €240 million until 2020 in a project to help 300,000 young people find work.  The aim of the programme is to provide a work placement, professional training or an internship for all young people aged between 16 and 24 who have not worked or received any training in the last 30 days, nor participated in any education program in the last 90 days. The programme will also target those under 30 who have a disability of at least 33%. The Catalan Minister for Business and Employment, Felip Puig, has estimated that there are 110,000 young Catalans who are currently eligible for the programme, and has promised to make the fight against youth unemployment a priority within his department.  

At the end of August there were 571,616 people registered as unemployed in Catalonia, which represents 40,042 fewer job-seekers than the previous year, a 6.55% reduction, according to figures released on Tuesday by the Spanish Ministry of Employment and Social Security. This is the 14^th consecutive month registering unemployment drops in annual terms. However, coinciding with the end of the summer holiday's peak, the number of job-seekers increased in monthly terms. At the end of August there were 3,385 more unemployed people than at the end of July, which represents a 0.6% growth. In the whole of Spain registered unemployment increased by 8,070 individuals, reaching 4,427,930 people. At the same time, the affiliation to Social Security has decreased for the first time in 6 months, dropping by 97,582 people.

The number of Catalans between 15 and 34 who go abroad in search of a "decent" job has increased by 9.24% in the last year, meaning the number of young people living outside Catalonia has increased from 50,640 in 2013, to 55,319 this year, according to a study from the UGT trade union. Between 2009 and 2014, 19,772 youngsters have left Catalonia; a 55.62% increase in 5 years. These statistics were announced in a press conference on Thursday by Afra Blanco, the National Spokesperson for Avalot-Joves section of the UGT in Catalonia. According to Blanco, "the uncertainty, instability, part-time work, underemployment and destruction of jobs" are the factors that have driven young Catalan job-seekers to look for a "respectable life" abroad.

The Catalan economy grew by 1.3% from July 2013 to June 2014. However, the economic recovery has particularly sped up and got stronger over the second quarter of 2014, when it grew by 0.6% in quarterly terms, according to data released on Wednesday by the Catalan Statistics Institute (Idescat) and the Catalan Finance Ministry. The GDP growth between April and June was higher than the one registered during the first quarter of the year, set at 0.4%. With the 0.6% registered at the end of June, Catalonia has achieved 5 consecutive quarters of posting positive figures, leaving the recession more than a year behind. Regarding economic sectors, services have led the economic recovery, posting a 1.8% annual growth at the end of the first half of 2014.

568,231 unemployed people were registered with the Catalan Public Employment Service (SOC) this July, 1,983 less than in June, which represents a 0.35% reduction. This is 42,198 less unemployed people than in July 2013, or a 6.91% annual reduction. All of the Catalan provinces have seen a drop in unemployment over the past month. In addition, there has been an increase of Catalans registering with Social Security, a 12% rise in hiring rate and nearly all sectors in Catalonia are creating new jobs. In Spain as a whole the number of people looking for work stands at 4,419,860 people, 281,478 fewer than the previous year, which represents a 5.94% annual drop. 

The pace of the Catalan economic recovery is "accelerating" according to Miquel Valls, the President of Barcelona's Chamber of Commerce. This is especially apparent in the second quarter of this year, which saw the interannual GDP grow by 1.3%, compared to the 0.4% growth registered in the first quarter of 2014. This rapid acceleration will oblige the Chamber to review in its autumn report its economic forecasts for Catalonia in 2014 and 2015, which are currently set at 1.2% and 1.5% respectively. Although there is still uncertainty to exactly what shape the new economic climate will take, the new predictions of growth could be above 1.5% for 2014 and 2% in 2015, indicated Valls.

The number of unemployed people in Catalonia has decreased by 69,800 in the second quarter of this year; the largest drop in unemployment rates in the whole of Spain and the biggest decline in the jobless population in the last 12 years. Catalonia also created 79,300 new jobs in the second quarter of this year, a rise of 2.68% in comparison to the first quarter. This means that the total unemployment rate in Catalonia has dropped by nearly 2 percentage points since March 2014, falling from 22.1% to 20.22%. Spain as a whole has also registered a drop in unemployment of 310,400 people, meaning the number of jobless citizens is down to 24.47% of the total active population.

''The recovery has come and has come to stay,'' according to Salvador Guillermo, Director of the Economy of Catalonia's main association of business-owners, Foment del Treball. Guillermo, who coordinated the report published on Tuesday, said that the analysis of economic data confirms that the positive trends have been occurring a month earlier in Catalonia than in the rest of Spain, "which means that recovery is more entrenched'' in Catalonia. The agents of this recovery are internal demand (consumption and investment) and the fast pace of exports in Catalonia.

The Agricultural Science and Technology Park of Lleida (PCiTAL) celebrated its 9th anniversary on Monday, and did so "reaffirming its commitment to the economic future of Lleida", according to the Mayor Àngel Ros. The park hosts some 111 organisations, comprising of 89 companies, 14 research and development centres and 8 research groups. This constitutes five times the number of businesses that were based in the park just five years ago, representing a 540% growth. Significantly, there are more than 1,400 people employed in the park´s facilities, many of them young people. The turnover of the Agricultural Science and Technology Park of Lleida has reached €102.5 million, with an annual growth of 30%.