Spain | The recovery of the labour market continued to lose traction in August
Published on Tuesday, September 4, 2018 | Updated on Thursday, September 6, 2018
Spain | The recovery of the labour market continued to lose traction in August
Summary
Social Security registrations declined somewhat more than expected in August, although unemployment met expectations. Excluding seasonal factors, there was a slowdown in the rate of recovery: the number of Social Security registrations increased by 11,000 (2.9% YoY), 30,000 less than the 2Q18 average, and unemployment fell by 7,000 (-6% YoY).
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Employment
- Macroeconomic Analysis
Authors
Juan Ramón García
BBVA Research - Principal Economist
Camilo Ulloa
BBVA Research - Principal Economist