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    Published on Thursday, June 2, 2022

    Spain | Labor market improvement met expectations in May

    Summary

    The increase in temporary employment boosted Social Security enrollment (213,600 people) last month, while unemployment fell (-99,500 people). Seasonally adjusted, this pattern was maintained. Employment grew (70,000 people) and the temporary employment ratio (up to 63%) while unemployment fell (-55,000).

    Key points

    • Key points:
    • The evolution of Social Security enrollment was positive, as expected
    • Seasonality increased
    • Unemployment continued declining in May

    Geographies

    Topics

    Authors

    Juan Ramón García BBVA Research - Principal Economist
    Alfonso Arellano
    Camilo Ulloa BBVA Research - Principal Economist

    Documents and files

    Report (PDF)

    registros_laborales_may22.pdf

    Spanish - June 2, 2022

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