Spain | LFS 2Q26: job creation was insufficient to reduce the unemployment rate

Summary

Employment increased by 0.5% quarterly SA (2.3% year-on-year), 0.1 percentage points more than in the first quarter, but less than expected. Hours worked and the labour force also increased, while the seasonally adjusted unemployment rate remained stable at 10.2% and the temporary employment rate declined to 15.0%.

Key points

• Key points:
• Employment and hours worked continued to rise, although at a slower pace than expected.
• All non-agricultural sectors contributed to job creation, but less than suggested by Social Security enrolment data.
• Temporary employment declined, while self-employment fell for the third consecutive quarter.
• The unemployment rate was broadly unchanged after excluding the seasonal boost.
• The Balearic Islands and Catalonia led job creation in the second quarter.

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