Spain | September employment data save 3Q22 close

Summary

Enrollment grew by 29.300 and registered unemployment by 17.700. Seasonally adjusted, employment returned to positive figures (22.000), but unemployment continued to rise (14.000). In 3Q22, employment barely increased (0,1% q/q q/q SCQ), unemployment rebounded (1,9% q/q SCQ) and temporality fell (to 57,7%).

Key points

• Key points:
• Social Security enrollment grew shyly.
• Services were the main contributors to the non-seasonal increase in employment.
• Temporality hit a new low.
• Unemployment rose for the fourth consecutive month due mainly to the services sector.
• 3Q22: employment went from low to high, temporary employment from high to low, and unemployment, up.

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