Searcher

Spain | Employment gained traction in October, but unemployment rebounded

Published on Tuesday, November 5, 2019

Spain | Employment gained traction in October, but unemployment rebounded

Social security affiliation increased by 106,500 people (2.3% YoY) and unemployment by 97,900 (-2.4% YoY). Once seasonality is accounted for, mixed signals are observed in labor market: employment gained dynamism and grew by 39,000 people, but unemployment registered its third non-consecutive growth in 2019 (13,000 people)

Key points

  • Key points:
  • Social Security affiliation pleasantly surprised in October
  • Service sector explains the positive evolution of employment
  • The advance of temporary employment contracts offset the decline in the indefinite
  • Unemployment rose more than expected
  • All sectors supported the rise in unemployment, except industry

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in