MAY WORKOUT | The pessimistic vision that the economist Niño Becerra makes of the good unemployment data

2023-06-02 19:27:00

This Friday the 2nd, the ministries of Work and Social Security have announced a milestone for the labor market: for the first time in Spain, 20.8 million active workers have been reached. Although this is generally a fact positivethe truth is that the famous economist Santiago Nino Calf it shows skeptical with this new information, alleging a series of nuances that show the negative face of the news.

The problems are in the detail

The professor of Economics has shared a series of publications in his official profile of Twitter where has more than 230,000 followers. In the thread of the little bird’s social network you can read various texts explaining the main reasons why we should not be overly happy about the current employment situation. As mentioned in the tweet, although the data at first “can show a healthy appearance”in detail things change.

The first of the messages exposes deficiencies regarding the wages of workers, who have lost 6.1% purchasing poweras well as contracts, since there has been an increase in part time hires. In the same way, Niño Becerra explains that “the number of people with a permanent discontinuous contract who are inactive at any given time continues without being published“, a fact that shows that the data provided is not entirely clear.

Related news

Regarding housing, the economist discloses worrying information, because the demand for rental homes exceeds supplyspecifically in 1.2 million. Furthermore, at the same time There are 3.4 million homes that are empty in Spain. The data from poverty They are not encouraging either, since, according to the Catalan, they are “finds in record numbers.”

23. record figures, in ESP the demand for rental housing exceeds the supply by 1.2 M (at the same time that there are 3.4 M of empty houses)… Quite a few aggregates may show a healthy aspect, but the detail .. And this does not depend at all on the color of the Government:

– Santiago Niño (@sninobecerra) June 2, 2023

Finally, far from pointing out that the current government is solely to blame for the situation, the professor mentions that, for example, the housing problem goes back a long way, specifically from six decades agoand during this period “There have been governments of all colors.”