DOLE MONEY RUNNING OUT
Nearly half of all unemployed workers left without state support
NEARLY half of all unemployed workers in the Valencia region no longer receive any state income support, official figures have revealed.
The alleged recovery of the Spanish economy boasted by the government is not being reflected in the Valencian job market, with those who have used up all their grants facing a critical situation - estimated to be as many as 48.8 per cent.
However, the real figure is feared to be much higher, as this calculation only takes into account those who despite not being in receipt of any grants continue to renew their jobseeker status at the Servef offices.
Many no longer bother, which when considered all together would bring the total up alarmingly.
According to analysts, this reality suggests that the notion of the country's employment recovery is 'partial'.
Although statistics confirm that we are no longer in the phase of massive job destruction that took root in 2009, the reality is that total absence of income now affects many more citizens than when the crisis was at its peak.
The change in trend is brought about by the long duration of the crisis. Mass redundancies registered in 2008, 2009 and 2010 left most sacked workers with the safety net of their severance pay, dole benefits and other support - which has now evaporated for nearly half of all unemployed workers.
Figures released by the Spanish employment ministry show that at the beginning of the crisis in 2008, 38% of exworkers on the dole were in receipt of no state income support.
In the Valencia region the figure reached 92,000 while the total number of unemployed citizens was below 250,000.
That year and the next were fatal for the Valencian job market, when unemployment figures doubled to break the 510,000 mark.
However, the percentage of people with no benefits peaked at 28% in March 2010 - the equivalent of one in four people.
Another interpretation of the figures shows that whereas 270,000 workers lost their job in the Valencia region between 2008 and 2010, only just over 50,000 were left without any monthly income.
This means that although losing more than half a million jobs - as was the case between 2008 and 2010 - is traumatic for any region, the surge in unemployment registered back then was not as devastating to private economies as the current situation.
Reality contradicts the optimistic message boasted by the government