Spain | Labour market momentum weakened in January

Summary

Social Security affiliation fell by 270,800 and registered unemployment rose by 30,400 due to seasonal factors. After adjusting for seasonality, job creation is estimated to have slowed further, to around 21,000 contributors, while unemployment declined by 19,000.

Key points

• Key points:
• Employment posted a third consecutive month of deceleration, driven mainly by the services sector.
• The temporary employment rate declined again.
• The pace of the unemployment reduction strengthened, with all sectors contributing.

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