Spain | 3Q26 LFS: Job creation lost momentum

Employment increased by 0.3% quarterly SA (2.1% year-on-year) in the third quarter, two tenths less than in the second. Hours worked and the labor force also grew, while the unemployment (10.2% SA) and temporary employment (14.9% SA) rates barely changed for the second consecutive quarter.

Key points

• Key points:
• Both employment and hours worked increased, but less than expected.
• Services concentrated job creation.
• Temporary employment fell and self-employment increased after correcting for seasonal influence.
• The unemployment rate barely changed when excluding the seasonal factor.
• The Canary Islands and Navarre led job creation.

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