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The rotation ratio of contracts in fixed discontinuous contracts is already higher than that of temporary contracts

MADRID, 25 May.

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The rotation ratio of contracts in fixed discontinuous contracts is already higher than that of temporary contracts

MADRID, 25 May. (EUROPA PRESS) -

The turnover ratio for discontinuous fixed contracts in April was 32.38%, that is, an increase of 10.79 percentage points compared to March, while for temporary contracts it was 15.64%, decreasing 14. 4 points compared to the previous month, and for indefinite contracts of 5.09%, 1.66 points more.

"The contract rotation ratio in discontinuous permanent contracts is already higher than that corresponding to temporary contracts, which seems to be an undesired, but not unexpected, effect of the labor reform", points out the Adecco Group Institute in the first edition of the quarterly Observatory of the Work market.

According to the director of the Adecco Group Institute, Javier Blasco, it is a fact that the new law is already transforming the market, but there is considerable consensus that the reading that the generalization of the indefinite contract -ordinary and, above all, fixed discontinuous- will produce stability and will put an end to precariousness, it is an analysis on which it seems they will have to spend months to see the final result.

"Although it must be recognized that permanent contracts have grown exponentially, going from 10% in December 2021 to close to 50% in the months of April and May 2022," he explained.

According to the report, employment is recovering more sharply than GDP. Thus, permanent hiring has increased (325.8% year-on-year) and temporary contracts have decreased (-37% year-on-year).

The greatest increase occurs in discontinuous fixed contracts (207,288), which increased by 158.98% compared to the previous month, and indefinite contracts (512,967), which did so by 58.28%, while temporary contracts ( 751,447) decreased by 35.11%.

When analyzing the contracts according to sectors of economic activity, Agriculture and Fishing is the most affected both month-on-month (-22.48%) and year-on-year (-28.76%), followed by the Construction and Industry sector, while Services is the the only sector that grows at an interannual level (12.31%).

On their side, in the month of April, the number of companies registered with Social Security was 1,330,423 (1.3% month-on-month; 3.53% year-on-year). The Services sector (993,682) has grown the most compared to March 2022 (1.59%) and April 2021 (4.52%).