85,000 people have lost their jobs during the month of August, breaking a trend that began three months ago. One thing we have known of the labor employment secretariat informs us that after three months employment generating, Spain returns to job losses. It seems more than obvious that the contracts made in May, June and July were responding to the coverage of the summer rather than a fact of economic recovery. By sector, services sector is the harder job than lose with a decline of 2.36% or 48,000 is the same young people are unemployed and another of the sectors most affected. By Autonomous Community Canary takes first place in job destruction, data that are attributed to the end of summer and the end

of the influx of tourism. An increase has not only begun, experts predict very heavy losses during the coming months to put the unemployment rate near 25%. In this scenario the government announced it was extending the aid of 420 euros for the unemployed without benefits. Bad news on employment which have brought IBEX35 lose 11,000 points in a scenario in which the sale of housing has fallen by 34% and the delinquencies of government is the closure of 300 SMEs per day.