Spain | Positive figures in the labor market in July, though below expectations

Summary

In July, the Social Security added 4,400 new affiliates, and unemployment decreased by 1,400. Seasonally adjusted (CVEC), contributors increased by 31,000, and the unemployed by 1,200 (the first increase in 21 months). The percentage of temporary contracts in the General Regime rose to 13.7% CVEC.

Key points

• Key points:
• Social Security added only 4,400 new affiliates, a figure lower than expected.
• Job creation covered all non-agricultural sectors.
• Affiliates in the General Regime with temporary contracts increased more than indefinite contracts.
• The number of registered unemployed practically stagnated.
• Services and industry caused the interruption of the positive unemployment trend.

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