In July, the Social Security added 4,400 new affiliates, and unemployment decreased by 1,400. Seasonally adjusted (CVEC), contributors increased by 31,000, and the unemployed by 1,200 (the first increase in 21 months). The percentage of temporary contracts in the General Regime rose to 13.7% CVEC.

The economy regained traction in line with expectations in 2Q25 (0.7% q/q) due mainly to the boost from private consumption and investment. The growth was accompanied by higher employment and effective hours worked, although mixed signals were observed in productivity.