A report of Economic and Social Council (CES) shows to end him 20% unemployment that currently exists in Spain will cost 10 years, that is, until 2021. At this time, unemployment is expected to have dropped to 8,6%, a figure that was last reached in the fourth quarter of 2007.
The president of the Economic and Social Council, Marcos Peña, has stressed that the objective of reduce unemployment nowadays It is very difficult since for the creation of net employment it is necessary to grow the Gross Domestic Product (GDP) at 2% per year or even better at 2,5%.
With regard to the Labor conditions, the Economic and Social Council has a rigorous and reliable statistics of how jobs have been destroyed in our country and points to the fact that in the fourth quarter of 2010 they added to unemployment 370.000 people more. In addition, it must be taken into account that in addition to the destruction of employment, there is also an increase in the active population.
Furthermore, according to the CES, we are facing one of the worst employment statistics in the entire history of our country. Statistical series they have never been so bad in none of the previous recessions, since the crisis in which we are still immersed has gone from an 3% unemployment to another of 8% in 20,3 years.
The Economic and Social Council is especially sensitized by youth unemployment which reaches 42,8% and due to the high amount of underemployment that occurs in this sector of the population, especially among women between 20 and 24 years of age.
Source: Xornal | Picture: EG Focus