Spain | Moderate growth in affiliation and unemployment in November

Summary

Social security affiliation fell by 53,100 people (2.3% YoY) and unemployment rose by 20,500 (-1.7% YoY). Excluding seasonal factors, there are signs of stability in the labor market, in figures less favorable than those of 2018: employment grew by 30,000 people and unemployment registered its fourth growth in 2019 (1,200)

Key points

• Key points:
• Social Security affiliation met expectations of moderate progress
• Service sector led the evolution of employment
• Hiring decreased after two months of consecutive growth
• Seasonality explained the rise in unemployment
• Service sector was responsible for the increase in unemployment

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