Spain | LFS Employment rebounded strongly in 2Q21 after the end of health restrictions

Summary

Job creation picked up (0.8% QoQ SWDA; 5.7% YoY) and the number of employees on ERTE or partial unemployment who did not work halved (207,100).Total hours worked increased significantly (3.4% QoQ SWDA; 34.4% YoY) and the unemployment rate fell to 15.3%.

Key points

• Key points:
• Employment rebounded more than expected
• Temporary hiring was mainly responsible for the increase in employment
• Job creation offset the recovery in the labour force and reduced the unemployment rate to 15.3%
• The central-southern regions, together with the Canary Islands and La Rioja, led employment growth

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