The same day the Council of Ministers took the decision not to extend, from February 2011, the aid of 426 euros for the unemployed who have exhausted all subsidies, the Bank of Spain warned that 40% of 4.645 million of unemployed people in Spain (in the second quarter) live in households with all members unemployed, which means that 8% of the workforce does not have any income.
In its latest economic bulletin, the Bank of Spain said that although the unemployment rate (20.01% in the second quarter) is still far four points from its peak in the crisis of the nineties, this time, "the pattern unemployment is different, and their impact on households, the more, because on the one hand, the sharp rise in the unemployment rate of household head and, secondly, the simultaneous increase in unemployment situations in the home. "
should be remembered that the Labour Force Survey (LFS) in the third quarter indicated that the number of households in which all active members unemployed stood at 1,292,300, after registering a slight decline in that period of 15,900. It is the first decline since 2007. In an annual comparison, the EPA shows an increase of 155,800 households with all their assets in unemployment and a decrease in 277,300 households occupied all of its assets.
also improves confidence in its report Monthly, Bank of Spain discerned a slight recovery in consumption. The indicators for the fourth quarter, still sparse, suggest that spending would be returning to "a soft path of recovery from the sharp swings that occurred in the last two quarters related to the impact of measures of a temporary nature," he says. He cites to support this assertion, improved indicators of consumer and business confidence. Government spending, however, fell 0.3% to late October, increase the pace of cuts in the remainder of the year as a result of reduced government salaries from the month of June and containment transfers currents. And with respect to budget implementation, the Bank of Spain has shown that in the first ten months of the year, the rate of annual increase in income stood at 25% above the official forecast for the whole year, located in 19.1%.
According to the Bank of Spain, the area endorsed new housing construction has shown signs of 'slight recovery' on-year in August and September, after the sharp falls of recent years. By contrast, the official tender for civil works continued its downward trend in September. For the services sector, the available data are "more negative" because the confidence indicator prepared by the EC shows a level infrerior the third quarter.
In its report, the governing body Fernández Ordóñez devotes a section to the internationalization of the company in ensuring that the number of companies that provide services abroad is now reduced. Therefore calls for increasing these markets and remove barriers that hinder access to them.
For its part, the Savings Bank Foundation, Funcas, made public yesterday his new forecast panel, which improves the consensus of analysts two tenths, to the -0.2% drop in GDP this year, and one to the next, to 0.7%. Yet this estimate is almost half the Government's 1.3%.
http://www.abc.es/20101204/economia/parados-vive-hogares-donde-20101204.html
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