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    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

    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

    Documents and files

    Report (PDF)

    Labor Market Records feb25

    Spanish - March 4, 2025

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