Spain | More employed and less unemployed in August after discounting negative seasonality

Summary

Seasonality worked against Social Security affiliation (-185,400) and unemployment (24,800) in August. Excluding its impact, the number of affiliates increased by 20,000, 3,500 more than in July, and the number of unemployed decreased by 7,000 after growing the previous month. Temporary employment ratio fell to 56% SWDA.

Key points

• Key points:
• Social Security affiliation fell due to seasonal causes.
• All non-agricultural sectors contributed to the seasonally adjusted growth in employment.
• The temporary employment ratio fell despite the reduction in permanent contracts.
• Seasonally adjusted unemployment fell.
• Services, in the lead.

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