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    Spain | Mixed labor market signals in June, which do not mist the balance of the 2Q22

    Published on Monday, July 4, 2022

    Spain | Mixed labor market signals in June, which do not mist the balance of the 2Q22

    Summary

    Enrollment increased (115,600 persons) and registered unemployment decreased (-42,400) in June. Seasonally adjusted, the increase in employment (70,000) was confirmed, but unemployment stagnated. In 2Q22, enrollment grew (1.3% quarter-on-quarter QEQ) and temporary employment fell (60%) and unemployment (-4.0%).

    Key points

    • Key points:
    • The evolution of Social Security enrollment was positive.
    • Services led the increase in employment.
    • Temporary declined.
    • Unemployment interrupted its downward trend due to the sluggishness in services and the rebound in the previously unemployed.
    • 2Q22: positive labor market balance.

    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_jun22.pdf

    Spanish - July 4, 2022

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