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Published on Tuesday, March 4, 2025 | Updated on Tuesday, March 4, 2025

Spain | February's labor market records were notable

Summary

Social Security affiliation increased by 100,300 people and unemployment fell by 6,000. After seasonal adjustment, it is estimated that the number of contributors grew by 59,000 and the number of unemployed fell by 23,000. The percentage of affiliates with temporary contracts fell.

Key points

  • Key points:
  • Social Security affiliation gained traction, driven primarily by the services sector.
  • The temporary contract rate among affiliates of the General Social Security Regime fell.
  • All sectors contributed to the reduction in unemployment.

Geographies

Documents and files

Report (PDF)

Labor Market Records feb25

Spanish - March 4, 2025

Authors

GC
Giancarlo Carta BBVA Research - Senior Economist
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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