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Published on Friday, October 24, 2025

Spain | LFS 3Q25: Job creation slows, unemployment falls

Summary

Adjusted for seasonality (SA), employment grew by 0.4% q/q in the third quarter, slightly less than in the previous one. Hours worked increased (0.7% q/q), while both temporary employment (15.1% SA) and unemployment rates (10.5% SA) continued to decline.

Key points

  • Key points:
  • Job creation slowed, but hours worked gained momentum.
  • All sectors added jobs except services.
  • The rise in temporary employment was purely seasonal.
  • Unemployment fell amid higher labor force participation.
  • Southeastern regions and La Rioja drove employment gains.

Geographies

Documents and files

Report (PDF)

LFS3Q25

Spanish - October 24, 2025

Authors

GC
Giancarlo Carta BBVA Research - Senior Economist
JG
Juan Ramón García BBVA Research - Principal Economist
CU
Camilo Ulloa BBVA Research - Principal Economist
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