Spain | The labor market shone in September

Summary

Social Security affiliation increased by 31,500 people and unemployment fell by 4,800 in September. Adjusted for seasonality (SA), the number of contributors is estimated to have risen by 47,000, while the number of unemployed decreased by 22,000. In 3Q25, employment grew by 0.5% QoQ (SA) and unemployment dropped by 1.1%.

Key points

• Key points:
• Social Security affiliation exceeded expectations in September.
• The services sector regained momentum and once again became the main driver of employment.
• More affiliations with permanent contracts and fewer with temporary contracts.
• Unexpected reduction in unemployment, widespread across sectors of activity.
• Job creation continued in the third quarter.

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