Spain will create 540,000 new jobs in the next two years, according to ManpowerGroup

In Spain, 261,000 new jobs will be generated in 2020 and 279,000 in 2021, representing an annual growth of 1.3% and 1.4%, respectively.

This is highlighted in the ManpowerGroup Index 'Forecasts for employment growth 2020: lower increases and changes in its composition', presented recently in Madrid by Raúl Grijalba, Executive President of ManpowerGroup Spain, and Josep Oliver, professor emeritus of applied economics at the University Autonomous of Barcelona.

These increases represent a continuation of the positive dynamics of job creation experienced in 2019, which registered a 1.8% increase, although offering more moderate growth prospects.

The recovery initiated at the end of 2013, if the forecasts are fulfilled, will add more than 2.6 million jobs created in eight years. In any case, employment growth through 2020 will be slightly more contained, from 346,000 new jobs in 2019 to 261,000 in 2020.

Likewise, construction and the services sector will lead the growth of employment in 2020, with a lower contribution from the industry. At the sector level, the outsourcing process continues, and by the end of 2021 the services sector will represent 75.8% of all employment, three out of every four positions.

More than 15.3% of these jobs will be linked to commerce, and 14.4% to business services. The hospitality industry will continue to be relevant with also 9.4% of employment.

Characteristics of the new job

Employment will continue to increase significantly more in immigrants than in natives, and in the age range of 35 and over, reflecting the continuity of the population's aging and what appears to be a new phase of net immigration of some importance. In addition, the trend of continued increase in female employment is confirmed.

Thus, in relative relative terms of the two years, the new employment of 2020-2021 will increase in women, 1.7%, medium and high levels of study, 1.9% and 2.6% respectively, and for ages between 35 and older, 2.2%.

In addition, from the perspective of the characteristics of the jobs created, the conclusions of the ManpowerGroup Index establish that new employment in 2020 will accentuate its salaried component (1.5%) and full-time (1.4%). On the other hand, indefinite employment will fall slightly against temporary employment.