In April, the Community of Madrid reached 3,895,185 contributors, a milestone that positions it as the main driver of employment nationwide. Over the past year, the region has generated 115,862 new jobs, representing a 3.1% growth, seven tenths above the national average.
Official data, released by the central Government, indicates that the Community of Madrid has been responsible for 22.4% of all new jobs created in Spain, which translates to more than one in five jobs. This means an average of 317 people finding employment every day in the region.
“"These results are the outcome of economic policies based on low taxes, the attraction of national and international investment, legal certainty, and the reduction of bureaucratic obstacles."
The unemployment rate has also seen a significant decrease, falling by 4.4% in the last year, with 12,856 fewer unemployed individuals. This reduction places the total number of unemployed at 276,376 people, the lowest level for an April month since 2008. Compared to the previous month, the decrease was 2.2%, with 6,249 fewer people on unemployment lists.
The decline in unemployment has been observed across all population segments, affecting both women (-4.1%) and men (-4.9%), and all age groups. By sector, Construction (-14.8%) and Agriculture (-10.3%) lead the reduction, followed by Industry (-3.5%) and Services (-3.4%). Furthermore, the number of self-employed individuals has grown by 5,562 people (+1.3%) in the last year, reaching a record figure of 443,210 self-employed workers.
