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.

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