Spain | February's labor market records were notable
Published on Tuesday, March 4, 2025 | Updated on Tuesday, March 4, 2025
Spain | February's labor market records were notable
Summary
Social Security affiliation increased by 100,300 people and unemployment fell by 6,000. After seasonal adjustment, it is estimated that the number of contributors grew by 59,000 and the number of unemployed fell by 23,000. The percentage of affiliates with temporary contracts fell.
Key points
- Key points:
- Social Security affiliation gained traction, driven primarily by the services sector.
- The temporary contract rate among affiliates of the General Social Security Regime fell.
- All sectors contributed to the reduction in unemployment.
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Employment
- Regional Analysis Spain
Authors
Giancarlo Carta
BBVA Research - Senior Economist
Juan Ramón García
BBVA Research - Principal Economist
Camilo Ulloa
BBVA Research - Principal Economist
Sirenia Vázquez
BBVA Research - Principal Economist