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Published on Tuesday, September 3, 2024 | Updated on Tuesday, September 10, 2024

Spain | Employment growth regained momentum in August after losing steam in July

Summary

Social Security affiliation fell by 193,700, and unemployment increased by 21,900 due to seasonal factors. After adjusting for this factor, it is estimated that the number of contributors rose by 23,000, while the unemployed decreased by 4,500. The percentage of affiliates with temporary contracts increased marginally.

Key points

  • Key points:
  • Social Security affiliation regained traction.
  • All non-agricultural sectors created employment, adjusted for seasonality and calendar effects (CVEC).
  • Decline in the number of affiliates to the General Regime with permanent contracts.
  • Unemployment increased due to seasonal factors.

Geographies

Documents and files

Report (PDF)

registros_laborales_ago24.pdf

Spanish - September 3, 2024

Authors

JG
Juan Ramón García BBVA Research - Principal Economist
CU
Camilo Ulloa BBVA Research - Principal Economist
SV
Sirenia Vázquez BBVA Research - Principal Economist
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