Spain | The labor market lost momentum in November

Summary

Social Security affiliation dropped by 30,100, while unemployment decreased by 16,000. Adjusted for seasonality, contributors increased by 26,000, and the unemployed fell by 4,600. Preliminary data does not indicate a significant rise in workers affected by furlough schemes (ERTE) following the DANA.

Key points

• Key points:
• The growth in Social Security affiliation slowed.
• Job creation (seasonally adjusted) was widespread, despite a slowdown in the services sector and permanent contracts.
• Following the DANA, employment growth in the province of Valencia fell short of expectations.
• The decline in unemployment slowed down.

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