Spain | The labour market recovery stopped in February, at least temporarily

Summary

Social Security affiliation and unemployment rose in February (by 20,600 and 44,400 respectively). Seasonally adjusted, employment fell by 5,000 and unemployment rose by 13,000. The recovery came to a halt with 1,261,000 employed with limited activity and 890,000 fewer jobs than in the absence of COVID-19.

Key points

• Key points:
• The improvement in employment slowed down in February, with 890,000 fewer jobs than would have been the case in the absence of COVID-19.
• 1,261,000 workers with limited activity: almost 900,000 affected by ERTE and 361,000 self-employed with benefits.
• Registered unemployment surprised to rise to 4,008,800.

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