Searcher

Published on Thursday, October 27, 2022 | Updated on Thursday, October 27, 2022

Spain | LFS 3Q22: The labour market loses traction

Seasonality drove job creation (77,700) and contained the unemployment rate (12.7%). Seasonally adjusted figures (SWDA) show that employment fell (-0.1% QoQ), hours worked slowed (0.7%) and the unemployment rate rebounded (13.2%). However, temporary rate decreased (19.6% SWDA).

Key points

  • Key points:
  • Job creation virtually stagnated, but hours worked only moderated their growth.
  • The increase in employment in industry did not offset the decline in the other sectors.
  • The growth in permanent employment offset the fall in other employment.
  • The unemployment rate rose.
  • Employment increased in almost half of the country, but it fell in the rest of the country.

Documents to download

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment.

Load more

You may also be interested in