Spain | A Better-Than-Expected Q4 Led to the Creation of 502,900 Jobs in 2018
Published on Tuesday, January 29, 2019
Spain | A Better-Than-Expected Q4 Led to the Creation of 502,900 Jobs in 2018
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%.