Spain | Positive labour market balance in 1Q22, despite headwinds.
Published on Monday, April 4, 2022
Spain | Positive labour market balance in 1Q22, despite headwinds.
Enrollment increased in March (140,200 persons), temporary employment fell (to 69.3%) and unemployment barely change (-2,900 persons). Seasonally adjusted, this pattern was confirmed. In 1Q22, Social Security affiliation (1.2% t/t CVEC) and hiring (1.5%) grew while registered unemployment fell (-5.4%).
Key points
- Key points:
- The recovery in Social Security affiliation surprised on the upside.
- Temporary employment declined for three months in a row.
- Unemployment almost stagnated.
- The recovery of the Spanish labour market continued in 1Q22.
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