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

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.

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