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Published on Monday, May 6, 2024

Spain | The positive momentum in the labor market persisted through April

Summary

Social Security affiliation increased by 199,500, while unemployment declined by 60,500. Adjusted for seasonality, it's estimated that the number of contributors rose by 60,000 and the unemployed fell by 34,000. The proportion of General Regime affiliates with temporary contracts held steady at 14.4% CVEC.

Key points

  • Key points:
  • Social Security affiliation once again slightly surpassed expectations.
  • All sectors, except construction, created jobs.
  • The temporary employment rate within the General Regime affiliation stabilized.
  • Unemployment saw a notable decrease, particularly within the services sector.

Geographies

Documents and files

Report (PDF)

registros_laborales_abr24.pdf

Spanish - May 6, 2024

Authors

JG
Juan Ramón García BBVA Research - Principal Economist
CU
Camilo Ulloa BBVA Research - Principal Economist
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