Spain | The recovery of the labour market lost momentum at the end of 2020

Summary

26,400 jobs were created in December (16,000 swda) and unemployment rose by 36,800 (46,000 swda). In Q4, affiliation slowed down (1.1% t/t CVEC) and unemployment stagnated. The impact of the crisis is remarkable: -830,000 jobs and 800,000 unemployed.

Key points

• Key points:
• Job creation moderated in December. 830,000 fewer people were employed than would have been the case in the absence of the COVID-19.
• 1,105,000 affiliates with limited activity: 755,600 affected by ERTE and 349,300 self-employed with benefits.
• All sectors except construction contributed to the increase in unemployment.

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