Spain | Improvement in the labor market beat expectations in April
Affiliation increased last month (184,600 people) -driven by permanent employment- and unemployment fell (-86,300 people). Seasonally adjusted, this pattern was maintained. Employment grew (90,000) and the temporary employment ratio fell (to 58%) and unemployment (-50,000).
Spain | Positive labour market balance in 1Q22, despite headwinds.
Enrollment increased in March (140,200 persons), temporary employment fell (to 69.3%) and unemployment barely change (-2,900 persons). Seasonally adjusted, this pattern was confirmed. In 1Q22, Social Security affiliation (1.2% t/t CVEC) and hiring (1.5%) grew while registered unemployment fell (-5.4%).
The upward trend in the labour market continued in February
Social Security affiliaton increased last month (67,100 jobs) while temporary hiring and unemployment fell (to 78.1% and -17,200 unemployed), in line with expectations. Seasonally adjusted, this performance was maintained: 88,000 more jobs, 74,000 fewer unemployed and a temporary employment ratio drop to 82%
Spain | The labour market started 2022 on a positive note
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.
Spain | The labour market closed 2021 on a positive note, despite COVID-19.
Social Security affiliation grew by 72,600 in Dec-21 and unemployment fell by 76,800, more than expected. Seasonally adjusted, employment rose by 73,000 and unemployment dropped by the same amount. In Q4, the increase in affiliation kept its pace (1.1% QoQ SWDA) and the reduction in unemployment slowed (-6.6%).
Spain | November's figures confirm the recovery of the labor market.
Social Security affiliation grew by 61,800 and unemployment fell by 74,400, more than expected. Temporary employment rate fell, benefiting from the contingency plan against irregular hiring. Excluding seasonality, BBVA Research estimates that employment increased by 100,000 and unemployment fell by 91,000
Spain | October's labour market records mark a good start to the fourth quarter
Social security affiliation increased by 159.500 and unemployment practically stagnated. Excluding seasonal factors, BBVA Research estimates that employment increased by 74.000 and unemployment fell by 62.000. Workers with limited activity decreased to 285.000.
Spain | Labor market recovery gained momentum in 3Q21
Social security affiliation increased by 57,400 people in Sep-21 (45,000 seasonally and working-day adjusted (SWDA), according to BBVA Research estimates) and unemployment fell by 76,100 (76,000 SWDA). In 3Q21, both job creation (1.2% t/t SWDA) and unemployment reduction accelerated (-7.7%).