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Published on Wednesday, July 2, 2025 | Updated on Wednesday, July 2, 2025

Spain | Job creation remained solid in Q2 2025

Summary

In June, Social Security enrollment rose by 76,700 and unemployment fell by 48,900. Seasonally adjusted, contributors increased by 35,400 and the jobless declined by 15,400. In Q2 2025, employment grew 0.6% QoQ and unemployment dropped 1.9%, as in Q1.

Key points

  • Key points:
  • Social Security gained 76,700 contributors in June, falling short of expectations.
  • Unemployment fell again in June.
  • All sectors contributed to the decline in joblessness, continuing a ten-month trend.
  • All sectors posted job gains.

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Report (PDF)

Job creation remained solid in Q2 2025

Spanish - July 2, 2025

Authors

JG
Juan Ramón García BBVA Research - Principal Economist
CU
Camilo Ulloa BBVA Research - Principal Economist
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