Spain | October labor records were more positive than expected

Summary

Social Security affiliation grew by 103,500 persons and registered unemployment fell by 27,000. Excluding seasonality, employment maintained its rate of increase (20,000), unemployment broke its upward trend (-55,000) and temporary employment fell (to 53,3%).

Key points

• Key points:
• Social Security enrollment continued to rise.
• Services were mainly responsible for the increase in employment.
• Temporality once again reached a new low.
• Unexpected reduction in registered unemployment.
• All productive sectors contributed to the fall in unemployment.

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