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Home Europa Press

Chamber of Commerce values ​​the drop in unemployment but expects an economic “slowdown” in the second quarter of 2023

October 5, 2022
in Europa Press
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Chamber of Commerce values ​​the drop in unemployment but expects an economic “slowdown” in the second quarter of 2023
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SANTA CRUZ DE TENERIFE, Oct. 4 (EUROPE PRESS) –

The president of the Santa Cruz de Tenerife Chamber of Commerce, Santiago Sesé, makes a positive assessment of the decline in unemployment in August, but also warns of “signs of moderation” compared to the records of a year ago.

In this sense, he believes that “the current scenario of uncertainty accompanied by persistent inflation could shake these good records in the coming months, especially from the second quarter of next year, and that is why it is important to anticipate and seek immediate solutions with which to counteract the slowdown in the economy to guarantee, at least, the recovery of employment experienced over the last year”.

Santiago Sesé insists in a note that “measures insistently demanded from the business sector continue to be a priority, among which it is worth highlighting a budgetary reinforcement in the productive investment chapters, a substantial improvement in administrative simplification and streamlining and, of course, a policy that cuts the expenses that companies have to assume, thereby favoring the sustainability and competitiveness of Canarian businesses”.

In addition, he believes that it is “urgent” to undertake a structural reform of the Canarian labor market with the aim of responding to the current difficulties in finding personnel with whom to cover different professional profiles in various sectors of activity.

In his opinion, it is “a job offer that cannot be found, in many cases, despite the high number of unemployed that the archipelago still registers and that has even seen its number of unemployed grow among the group of young minors 25 years old 9.5% during the past month”.

For this reason, it proposes “to analyze in depth the origin of these imbalances and promote far-reaching changes in the institutional, regulatory and educational spheres to achieve a balanced and sustained growth of employment on the islands”.



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