Spanish businessmen stop hiring for this year

The country is the star of the biggest drop in the world and in the case of Asturias the job creation forecasts decrease by 1%

lucia palaces / ms

The fear of a recession scares Spanish businessmen, who have stopped short of their intention to hire and increase staff in this last quarter of the year, after a year of record growth. This is reflected in a survey on employment projection published yesterday by the consulting firm ManpowerGroup, in which Asturias is among the communities with the worst diagnosis.

The directors foresee that the employment market will have an almost flat behavior due to the uncertain panorama that is drawn due to the price of energy, inflation and the bottlenecks in the supply of some raw materials. All this with the invasion of Ukraine as a backdrop. For this reason, its forecasts for new hires for the last three months of the year stand at 2% more compared to the 21% recorded in the previous quarter and the 33% in the same period of the previous year. Spain is the fourth worst market in terms of forecasts, 28 points below the average (30%).

This drop in hiring expectations is generalized at the regional level, although it is uneven in scope. The best forecasts are in the Valencian Community and Murcia, followed by Andalusia and Extremadura. On the opposite side of the balance would be the communities of the central area (Madrid and Castilla-La Mancha) and the north of Spain: Aragón, Cantabria, La Rioja, Navarra, the Basque Country, Galicia, Castilla y León and Asturias, where expectations , according to the survey, are -1%. Therefore, a drop in hiring is predicted. In the northeast (Catalonia and the Balearic Islands) the situation remains flat.

Although this is a general decline compared to the previous quarter, five of the eleven sectors analyzed remain in positive figures and anticipate employment growth in their teams for the next three months. At the head is the third sector and technology companies, with net expectations of 18% and 17%, respectively. It should be noted, however, that it is a figure very far from the 50% -record figure- that was registered at the beginning of this year 2022.

On the contrary, there are five other sectors in which job cuts are expected. But, although the manufacturing industry expects to remain, it reduces its hiring expectations for the last quarter of the year by 47 points. The collapse of construction, which dropped 56 points, and the primary sector, which lost 46 points, is also striking.

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