Spain | Positive Start for the Labor Market in January 2024

Summary

The affiliation saw a decrease of 231,200, while the number of unemployed rose by 60,400 due to seasonal patterns. Once this factor is adjusted, affiliations are estimated to have increased by 39,000, and unemployment fell for the third consecutive month (-15,000). Temporary employment increased 2.1pp, reaching 57.1% SWDA.

Key points

• Key points:
• Social Security affiliation met expectations.
• All non-agricultural sectors created employment in seasonally adjusted terms.
• Hiring resumed its downward trend.
• Unemployment increased due to seasonal factors.
• The services sector accounted for the majority of changes in registered unemployment.

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