Spain | The labor market lost momentum in May

Summary

Social Security affiliation grew by 195,700 people, and unemployment fell by 57,800. After seasonal adjustment (swda), it is estimated that the number of contributors increased by 34,000, and the unemployed decreased by 15,000. The proportion of temporary workers enrolled in the General Regime moderated to 13.5% swda.

Key points

• Key points:
• Social Security affiliation grew less than expected.
• Employment slowed down in the services sector and remained largely unchanged in other sectors.
• Both permanent and temporary employment increased.
• The decrease in unemployment moderated.
• All sectors contributed to the decline in unemployment.

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