Spain | 2Q23 LFS: job creation exceeded expectations

Summary

Employment increased more than expected between April and June (603,900). Excluding seasonality, job creation picked up (1.4% QoQ SWDA), but the decline in average working hours limited the rise in hours worked (0.5%). Moreover, temporary employment (17.1% QoQ SWDA) and the unemployment rate (11.7%) fell.

Key points

• Key points:
• Industry overshadowed widespread job creation.
• Permanent contracts accounted for the increase in employment.
• The unemployment rate stood at 2008 figures.
• The Balearic Islands and Asturias led job creation and the reduction in unemployment.

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