Spain | September confirmed that job creation accelerated throughout Q3 2024

Summary

Social Security affiliation increased by 8,800 while unemployment by 3,200. After adjusting for seasonality, the number of contributors rose by 24,000, and the unemployed dropped by 14,000. In Q3 2024, affiliation grew by 0.3% QoQ SWDA (0.8% in Q2 2024), and unemployment declined by 0.8% QoQ SWDA (-2.1% in Q2 2024).

Key points

• Key points:
• Social Security affiliation continued to gain traction.
• Affiliates under the General Scheme with permanent contracts increased.
• Seasonally adjusted unemployment accelerated its decline.
• Despite picking up momentum throughout Q3 2024, the labor market slowed compared to the average in Q2 2024.

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