Spain | The labour market started 2022 on a positive note

Summary

Negative seasonality reduced Social Security affiliation (-197,800) and the temporary employment ratio (to 85.7%), while increased unemployment (17,200), in line with expectations. However, after adjusting for seasonality, employment grew by 67,000, temporary hardly decreased and unemployment fell by 64,000.

Key points

• Key points:
• The evolution of the number of Social Security affiliates was positive and in line with expectations
• 227,900 workers with limited activity: 117,100 employees covered by ERTE and 110,800 self-employed with benefits.
• The decline in temporary employment was modest
• Unemployment fell for thirteen months in a row

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