Spain | October's labour market records mark a good start to the fourth quarter

Summary

Social security affiliation increased by 159.500 and unemployment practically stagnated. Excluding seasonal factors, BBVA Research estimates that employment increased by 74.000 and unemployment fell by 62.000. Workers with limited activity decreased to 285.000.

Key points

• Key points:
• The number of social security affiliates continues to rise
• 285,100 workers with limited activity: 190,700 employees covered by ERTE and 94,400 self-employed with benefits
• A further drop in registered unemployment

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