Spain | The labor market gained momentum in February

Summary

Social Security enrollment increased by 97,000 people and unemployment rose by only 3,600. After adjusting for seasonal factors, job creation is estimated to have accelerated significantly (reaching 46,000 contributors). However, the number of unemployed fell by 13,000, 6,000 fewer than in January.

Key points

• Key points:
• Employment regained traction in February, mainly driven by the services sector.
• Rebound in permanent hiring.
• Unemployment recorded seven consecutive months of declines.
• All sectors contributed to reducing unemployment.

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