Spain | Employment rebounded in November despite the health crisis

Summary

Affiliation increased by 31,600, but did not prevent an upsurge in unemployment (25,300). Discounting negative seasonality, employment grew by 81,000, 24,000 more than in October, while unemployment stopped its downward trend (7,000). The impact of the crisis is still substantial: -790,000 affiliates and 760,000 unemployed.

Key points

• Key points:
• Although affiliation growth picked up, there are still nearly 790,000 fewer jobs than there would be in the absence of the COVID-19
• 1,094,000 social security contributors with limited activity: 746,900 affected by ERTE and 346,800 self-employed with benefit.
• The registered unemployment was surprisingly high.

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