Spain | June records closed a positive quarter for the labor market

Summary

Social Security contributors rose by 71,100, while unemployment fell by 46,800, aligning with expectations. Seasonally adjusted, affiliation grew by 0.8% QoQ in Q2 2024, slightly higher than in Q1 2024, and unemployment decreased by 2.1% QoQ (-1.8% in Q1 2024).

Key points

• Key points:
• Security affiliation has grown for 23 consecutive months.
• All sectors, except agriculture, added jobs.
• The temporary employment rate in the General Regime increased.
• Unemployment fell for the ninth consecutive month despite the industrial sector.
• The labor market maintained its momentum in the second quarter.

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