Editorial: El País

• The Spanish economy has surprisingly outpaced international forecasts, growing 2.9% year-on-year until July.
• Despite economic growth, the unemployment rate remains high, resisting decline, citing the labor market as Spain's main economic Achilles heel.
• The Spanish labor market has a high seasonal component due to dependence on tourism.
• This year's summer has seen the loss of 194,685 contributors, the largest job destruction in 12 years.
• Even with seasonal fluctuations, the analysis remains optimistic with a record of social security affiliates and a decrease in registered unemployment.
• Unemployment remains the greatest imbalance in the Spanish economy, with some saying Spain is reaching a maximum threshold of job creation without a corresponding reduction in structural unemployment.
• The Government emphasizes that the aim is full employment, setting it at the 8% level, a figure still far from developed country rates.

Conclusion: The analysis suggests that new measures and reforms must be adopted, especially with the adoption of new technologies and the increasing automation, to enhance employability and improve the efficiency of public intermediation services.

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