Spain closes 2022 with a ratio of 46 vacancies per thousand unemployed

Indeed, Spain closed 2002 with a ratio of 46 vacancies per thousand unemployed, according to data extracted from the Quarterly Survey of Labor Costs (ECTL) and the EPA, published by the National Institute of Statistics, and this places the country at the tail of the European Union and the OECD, in a year clearly marked by the "Great Renunciation" at a European level.

4/10/2023

This problem began to emerge when companies resumed their activity after the pandemic and could not find labor, a fact that became widespread in almost all sectors, even in the Hospitality Industry.

But according to data from the ECTL, in Spain, at the end of 2022, there were 140,517 vacancies, which were defined as “recently created or unoccupied paid jobs, or that are about to become vacant”. A scarce figure in a labor market with 20 million employed and 3 million unemployed.

It seems that one of the reasons that may lead to this situation is the great volatility that has always existed in the Spanish labor market, since until the labor reform, nine out of ten contracts signed per month were temporary (and after the regulation they became 6 out of 10), and this means that many companies do not consider them "vacancies", since they do not involve the creation of new jobs, nor the coverage of structural positions for their activity.

What emerges from these data is that Spain does not have a problem of Great Resignation of workers, but of a lack of job offers, since these data from the INE, which are prepared with a rigorous methodology assessed by Eurostat, are a call to attention about the capacity of our country to create employment.

Vacancies

At Timenet, we make our working hours registration and project management system available to companies, in order to provide companies with all the necessary regulations to be able to hire people, and comply "to the letter" with the Working Hours Registration Law.

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