Spain | A Better-Than-Expected Q4 Led to the Creation of 502,900 Jobs in 2018

Summary

The labor market recovered with more momentum than expected in 4Q18. Employment increased by 36,600 people (3% YoY) according to the Spanish Labor Force Survey, despite negative seasonality, and the unemployment rate fell by a tenth to 14.4%. Over the course of the year, 502,900 jobs were created (2.7% YoY) and the unemployment rate decreased by two points to 15.3%.

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