Spain | The labour market kept its positive tone in the third quarter

Summary

Employment gained dynamism in September after the August bump. After controlling for stationarity, we estimate that affiliation grew by 40 thousand people and unemployment was reduced by 24 thousand. The third quarter balance was positive: growth in the number of affiliates was similar to the one in 2Q16 (0,7% QoQ) and the fall in unemployment accelerated up to 2.8% QoQ.

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