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    Published on Monday, April 28, 2025 | Updated on Monday, April 28, 2025

    Spain | Labour Force Survey 1Q25: A strong start to 2025

    Summary

    After removing the quarter’s negative seasonal effects, employment rose by 0.7 % QoQ SWDA—0.1 percentage point above Social Security registrations—and hours worked also climbed by 0.2 %. Meanwhile, the temporary employment rate held at 15.6 % SWDA , and the unemployment rate dropped to 10.7 % SWDA .

    Key points

    • Key points:
    • Employment sustained a strong growth pace, although hours worked decelerated.
    • Employment rose across all sectors.
    • Seasonal job losses among temporary workers explained the decline in the temporary employment rate.
    • The unemployment rate continued its downward trend, driven by job creation.
    • In the first quarter of the year, the Basque Country and the Canary Islands led job creation.

    Geographies

    Authors

    Giancarlo Carta BBVA Research - Senior Economist
    Juan Ramón García BBVA Research - Principal Economist
    Camilo Ulloa BBVA Research - Principal Economist

    Documents and files

    Report (PDF)

    5Q25LFS

    Spanish - April 28, 2025

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