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Published on Monday, January 5, 2026

Spain | The labor market ended 2025 on a positive note

Summary

In December, Social Security affiliation increased by 19,200 people and unemployment fell by 16,300. After seasonal adjustment (SA), the number of contributors is estimated to have risen by 31,000, and the number of unemployed declined by 7,000. Overall, 2025 ended with 487,300 more affiliates and 155,000 fewer unemployed

Key points

  • Key points:
  • Job creation slowed in December, due to the services sector
  • The decline in unemployment moderated, but was broad-based
  • Stronger labor market momentum in the fourth quarter

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Documents and files

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Spain | The labor market ended 2025 on a positive note

Spanish - January 5, 2026

Authors

JG
Juan Ramón García BBVA Research - Principal Economist
CU
Camilo Ulloa BBVA Research - Principal Economist

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