Spain | Income protection measures helped to underpin job creation in January

Summary

Social security affiliation fell by 219,000 in January and unemployment rose by 76,200. Adjusted for negative seasonality, employment rose by 32,000 and unemployment dropped by 24,000. However, the number of workers covered by an ERTE and the self-employed with benefits increased by 70,130 compared with the end of 2020

Key points

• Key points:
• The recovery in social security affiliation goes on, but there are still 810,000 fewer jobs than there would have been in the absence of COVID-19
• 1,122,800 social security affiliates with limited activity: almost 739,000 affected by ERTE and 383,800 self-employed with benefits
• Registered unemployment surprised on the downside, especially in the services sector

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