By Dan Kedmey
The last time Spain posted positive job numbers, it was 2008 and Miley Cyrus was still fully clothed on the Disney Channel.
Finally, after 68 consecutive months of losses and stagnation, the number of employed Spaniards rose to 16.2 million in February, 60,000 higher than the same month last year, according to the Financial Times. Madrid hailed the improvement as a sign of a greater recovery to come.
But the gains could be fleeting. The newspaper reports that only 9% of February’s job contracts were permanent offers, and the vast majority of recent hires were contract positions that do not bestow the pension and related benefits of full-time employment.
[FT]
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- The Revolution of Yulia Navalnaya
- 6 Compliments That Land Every Time
- What's the Deal With the Bitcoin Halving?
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com