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Published on Monday, April 28, 2025 | Updated on Monday, April 28, 2025

Spain | Labour Force Survey 1Q25: A strong start to 2025

Summary

After removing the quarter’s negative seasonal effects, employment rose by 0.7 % QoQ SWDA—0.1 percentage point above Social Security registrations—and hours worked also climbed by 0.2 %. Meanwhile, the temporary employment rate held at 15.6 % SWDA , and the unemployment rate dropped to 10.7 % SWDA .

Key points

  • Key points:
  • Employment sustained a strong growth pace, although hours worked decelerated.
  • Employment rose across all sectors.
  • Seasonal job losses among temporary workers explained the decline in the temporary employment rate.
  • The unemployment rate continued its downward trend, driven by job creation.
  • In the first quarter of the year, the Basque Country and the Canary Islands led job creation.

Geographies

Documents and files

Report (PDF)

5Q25LFS

Spanish - April 28, 2025

Authors

GC
Giancarlo Carta BBVA Research - Senior Economist
JG
Juan Ramón García BBVA Research - Principal Economist
CU
Camilo Ulloa BBVA Research - Principal Economist
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