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    Published on Friday, November 3, 2023 | Updated on Friday, November 3, 2023

    Spain | More employed people in October, and also more unemployed people

    Summary

    Both Social Security affiliation (92,900 people) and unemployment (36,900) increased. Seasonally adjusted, the number of affiliated workers grew by 20,000 (4,000 less than in September) and the number of unemployed rose for the second consecutive month (2,500). The temporary employment rate fell by 0.2 pp to 57.6% SWDA.

    Key points

    • Key points:
    • Social Security affiliation remained in positive territory.
    • All non-agricultural sectors contributed to seasonally adjusted employment growth.
    • The temporary employment ratio barely retreated.
    • Unemployment increased for the second consecutive month.
    • Services accounted for the increase in unemployment.

    Geographies

    Topics

    Authors

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

    Documents and files

    Report (PDF)

    registros_laborales_oct23-1.pdf

    Spanish - November 3, 2023

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