Bad news from the INE for Pedro Sánchez during his spiritual retreat to make decisions about him and Begoña Gómez. Not only is the economy not going like a motorcycle, but it is getting worse and worse, it has all the symptoms of an exhausted economy after being doped up by public spending.
The increase in tax collection is draining liquidity in domestic economies, which by having less money in current accounts are reducing their consumer spending. The reduction in consumption implies a drop in demand and, therefore, in the production of manufacturers to avoid filling warehouses with products that are not sold. The drop in production automatically generates layoffs or the transition of permanent-discontinued workers to unemployment, whether Yolanda Díaz counts it in her statistics or not.
The Active Population Survey, which has just been published by the INE, includes what has happened with employment and unemployment and is conclusive compared to the first quarter of this year. This survey has, like every year, the January sales and also in this year 2024, when Easter fell in March, which implies special hiring. Despite this, the result is an increase to almost 3 million unemployed, with an increase in the number by almost 140,000 and with a statistical data of a 12.3% unemployment rate.
This survey can be looked at in many ways, but the truth is that it is palpable proof that the employment data that the Ministry gives us is all false and they should make all the members of the cabinet who belong to the economic areas that either relax taxes or end up producing the opposite effect to what they expect, which will be in a few months to see tax collection fall, due to the stoppage of the economy.
An economy doped by public spending has no other way out than to stop spending and lower taxes immediately to reactivate the purchasing power of households and gradually increase consumption, demand, production, employment, the increase in social contributions, the decrease in unemployment spending and the greater tax collection. IRPF and VAT.
But the strike does not affect Madrid in the same way as it does in Catalonia or Andalusia, each of our regions has its own problems and with this Survey it is necessary to analyze what has happened in our regional framework.
Thus, we have that the unemployment rate goes from 11.8% to 12.29%, which represents an increase of 4.2% in just one quarter, But not all communities behave the same. Have five regions that manage to reduce unemployment: The Canary Islands, which, given that it is their best time of year for tourism, manages to reduce unemployment by 7.3%, Madrid, which with its economic policy of zero regional taxes also manages to significantly reduce unemployment, and Navarra, Asturias and Aragón that are capable of creating jobs.
There is also four regions that are increasing, do so less than the average, which are Andalusia, Cantabria, Catalonia and the Valencian Community.
Lastly, they are the remaining eight, suffering firsthand what was hard and difficult in an unfavorable environment destroying jobs substantially.
They surprise the last three, Castilla la Mancha, whose unemployment rate grew by almost 22%, going from 12.33% to a very worrying 15%, the Basque Country, which had the lowest unemployment rate in Spain with 6, 38% and that loses that position in favor of Cantabria by rising to 8.53%, which has been a setback for that region with an increase of 33.7% and, finally, the Balearic Islands, which has grown the unemployment rate by 38.7% going from being below the average with 11.16% to going well above the average with 15.48%. Although it is true that in the case of the Balearic Islands, as soon as the tourist season begins we will see how it returns to more reasonable figures.
As a summary of this EPA, published by an organization that controls the Government with Mrs. Manzanera at the helm, it is an authentic This is a blow to the economic policy of the entire Sánchez team, but especially for Carlos Corpo and Yolanda Díaz, who are becoming more and more discredited every day.