According to a study by the human resources consultancy Manpower, these two sectors register good forecasts in terms of job creation during the first quarter of 2022, although technology is the best positioned both in Spain and on a global scale.
Specifically, and within the domestic market, the IT sector leads the ranking with a net job creation projection of 50%, followed by construction (48%), commerce (39%), hospitality (35%) and banking, insurance and real estate activities (34%). All of them exceed the national average, which points to an average job creation of 33%.
Looking at the figures, we can see that construction and real estate are the second and fifth economic activity in which employment will grow the most between the months of January and March. Projections that exceed those recorded by education and health (27%), the manufacturing industry (26%) or the primary sector (3%).
At the global level, the two sectors are once again among the top positions, but in a different order. Technology is again in first place, with a projection of net employment growth of 50% between January and March 2022, followed by banking, insurance and real estate, which is in second place with 43%. In third place is the hospitality industry (40%), followed by construction (36%) and the manufacturing industry (34%).
Unemployment falls and membership in Spain rises
According to data from the Ministry of Labor, last November there were 250,441 people linked to construction registered with the State Public Employment Service (SEPE), which means that unemployment in this sector is at its lowest level since October 2007. Furthermore, so far this year, unemployment has fallen by 67,714 people.
On the other hand, according to Social Security data, in November there were 1.31 million affiliates on average in the system within the construction sector, compared to the 1.27 million registered in December 2020. It is In other words, it has increased by more than 44,300 contributors so far in 2021.
A work solution for the unemployed and young people
In recent months, construction has been claiming itself as an economic engine and as a great job alternative, especially at a time when a lack of labor in the sector, mainly qualified, has become a problem.
According to estimates by the CNC employers, “construction needs around 700,000 workers to comply with the planned roadmap with the arrival of European funds, which could shoot the number of employed to two million.”
Both the employers’ own association and the unions affirm that construction is a job alternative for all those people who do not have a job or who are looking for a change of professional direction, especially for young people, and that it is a resilient, attractive and modern sector that will be decisive in the coming years for the economy, since it will directly or indirectly channel 70% of the funds that are going to arrive from Europe, known as Next Generation EU funds.
In reality, the rehabilitation of houses and urban regeneration have a budget of 6,820 million euros, which makes it the second largest item of the entire Recovery, Transformation and Resilience Plan that the Government has approved with the approval of Brussels .
Therefore, an increase in employment of at least 6% in construction in Spain is expected over the next year.
