Spain | Labour Force Survey 1Q25: A strong start to 2025
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
- Geography Tags
- Spain
Topics
- Topic Tags
- Regional Analysis Spain
- Employment
Tags
Authors
Giancarlo Carta
BBVA Research - Senior Economist
Juan Ramón García
BBVA Research - Principal Economist
Camilo Ulloa
BBVA Research - Principal Economist