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Archive for the ‘Industrial Sector’ Category

Unemployment Reduced but did not Create Jobs

It really has created jobs in the last quarter? Or unemployment has been destroyed? Let me explain. Data (LFS) published today by the National Statistics Institute (INE) show that in the last quarter was 14 000 fewer unemployed in Spain. Apparently good news. Does this mean that there has been job creation? Not necessarily: there are 74 800 workers or occupied less (74.8000 contributors least, by the way). And I wonder: where are they? “In the list of unemployment? Logic suggests that a person stops working, it becomes a stand, but the numbers do not add up and we see that, quite the opposite: there are fewer unemployed 14.1000.

Therefore, if there are unemployed, where are they? Have they become inactive, is a person who does not work because they can not – by age, disability, etc. – Or do not want? Did not think could be hypothesized that also part of those 14 100 people who have ceased to be unemployed are now inactive? That is, there is no possibility that someone who was not officially stop looking for employment, retires, is disabled, Trek, etc. and therefore officially not busy? If this were so, there would be much reason for optimism or to think green shoots.

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Increase in Industrial Sector for Workers

The industrial sector in the region has experienced a slight improvement in the second quarter, according to the Industrial Situation Survey prepared by the Chamber of Commerce. Employers say that their turnover has increased compared to the one obtained in 2009, due mainly to improved production, exports and the decline in the number of stocks of finished products. The main beneficiaries were the large and medium enterprises. Most of the industrialists of the region, 42%, have assured that its turnover has remained stable between April and June, 34% noted a worsening and 24% improvement.

It is, as the House of figures “prudent” to improve the results obtained in the first quarter, where 35% of employers experienced a plateau in their turnover, 48% reported worse results obtained and only 17% reported improvement. Exports have increased in the region in the second quarter. 41% of industrial enterprises have been an increase in the volume of exports, compared with 40% obtained in the previous quarter. For its part, the majority, 43%, has remained about the same level of exports and 16% of employers have sold less abroad.

The production volume has continued the path of recovery between April and June. Increased business with a larger volume, reaching 25%, compared with 17% in the first quarter and fell firms with low volume, reaching 32%. However, most employers, 43%, production has remained stable. In addition to this increase in production, there has been a decline in the number of accumulated stocks of finished goods in the warehouse. 20% of employers have reduced the number of stocks compared to 21% the previous quarter. However, the number of stocks of finished products remained stable for most of them (62%).

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