Spain | Improvement in the labor market beat expectations in April

Summary

Affiliation increased last month (184,600 people) -driven by permanent employment- and unemployment fell (-86,300 people). Seasonally adjusted, this pattern was maintained. Employment grew (90,000) and the temporary employment ratio fell (to 58%) and unemployment (-50,000).

Key points

• Key points:
• Social Security affiliation surprised on the upside once again
• Temporary employment accelerated its fall
• Unemployment resumed its downward trend

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