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Diario PYME

Madrid leads job creation in Spain and reaches historic unemployment lows

The Community of Madrid has generated over 112,000 new jobs, bringing unemployment to its lowest level since 2008.

Generic image of two people shaking hands in an office setting, symbolizing job creation.
IA

Generic image of two people shaking hands in an office setting, symbolizing job creation.

The Community of Madrid has solidified its position as Spain's economic engine by leading job creation with 112,599 new workers in the past year, recording the lowest unemployment figure since 2008.

According to recent data from the central Government, the region has contributed 21.5% of new jobs nationwide, translating to an average of 308 jobs created daily. This surge has increased the total number of affiliated workers to 3,879,420, marking the second-best record in the community's historical series.
The decline in unemployment has been significant, with a year-on-year reduction of 11,192 people, representing a 3.8% drop. This decrease places the total number of unemployed at 282,625, the lowest figure for a month of March since 2008, maintaining the trend below 300,000 unemployed for 24 consecutive months.
Labor market improvements have been observed across all demographic segments, affecting both women (-3.9%) and men (-3.7%), and all age groups. All economic sectors have also experienced a reduction in unemployment, with Construction (-13.3%) leading, followed by Agriculture (-11.1%), Services (-2.8%), and Industry (-2.3%).
Furthermore, the number of self-employed workers has grown by 4,402 people, a 1% increase compared to March of the previous year, reaching a total of 441,542. This figure represents the highest record of self-employed individuals since data collection began, solidifying the strength of self-employment in the region.

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