Unemployment Down. Spainís Labour Reform Kicks Off?
Spainís unemployment rates fell for the first time in 3 years. Are numbers just a tendency or are they a consequence of a political reform?
Spain went from a unemployment rate of 20% in April-June to a 19.8% in the July-September period. For the first time in years unemployment rates fell in Spain. Economical experts analyse the scenario. They look closely at the numbers for causes and some make predictions.
The BBC reported that Analyst Ben May, of Capital Economics, said it was "too early" to say if the fall in Spanish unemployment meant its economy was now slowly.
Making sense of good news is as making sense of bad news. Several factors should considered important. Politics is always one of those factors. Some say that the new jobs created are temporary and respond to the summer demand. However, there has also been a recent political shift in Spain. Is this affecting the numbers? Are economical experts considering the Labour reform?
According to El PaŪs, this is the first period in which the modifications introduced by Spainīs Labour Reform have been applied to their full extent. This brings forward the question, can new political reforms have an impact on unemployment? One thing is certain, the numbers of jobs are up, and the numbers of unemployment are down. While it may be too soon to make predictions this is a time to set a vigilant eye set on the situation in Spain. Several other countries in Europe have seen unemployment rates rise and are working to bring them down. How does the international stage affect unemployment in Spain? Is it time to outsource? Is it time for international business?
The international influences as always continue to affect the markets. The markets in hand continue affecting local politics. US has seen a rise in consumer spending. The European Union meets with new plans to strengthen the Euro. Asiaīs economy -while hitting an obstacle here and there, continues its fast developing road.
Have the political world wide reforms been sufficient? Is it time to do more? Economics deals with data, information, analysis and predictions, However, on the streets of Spain a drop in unemployment is good news. Is Spainís Labour reform working?