The upward trend in the labour market continued in February
Published on Wednesday, March 2, 2022
The upward trend in the labour market continued in February
Summary
Social Security affiliaton increased last month (67,100 jobs) while temporary hiring and unemployment fell (to 78.1% and -17,200 unemployed), in line with expectations. Seasonally adjusted, this performance was maintained: 88,000 more jobs, 74,000 fewer unemployed and a temporary employment ratio drop to 82%
Key points
- Key points:
- The recovery in Social Security affiliation continued, in line with expectations.
- 228,200 affiliated workers with limited activity: 116,900 employees covered by ERTE and 111,300 self-employed with benefits.
- The reduction in temporary employment gained momentum.
- Unemployment continued to fall at a good pace.
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Regional Analysis Spain
Authors
Alfonso Arellano
Juan Ramón García
BBVA Research - Principal Economist
Camilo Ulloa
BBVA Research - Principal Economist