Spain | Job creation prolonged its positive trend in May

Summary

Social Security affiliation increased by 232,000 people, and unemployment fell by 36,300. Adjusted for seasonality, it is estimated that employment reached 57,000 contributors, but unemployment grew by 2,300. Significant effects from the extraordinary immigrant regularization process are not yet noticeable.

Key points

• Key points:
• Job creation remained strong in May.
• The growth in Social Security affiliation was widespread, notably in the services sector.
• Significant effects from the extraordinary immigrant regularization process are not yet noticeable in the affiliation records.
• The temporary employment rate within the General Regime remained stable.
• Unemployment unexpectedly rebounded due to unfavorable developments in the services sector and among those without previous employment.

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