Spain | The weakness of labour market registrations continued in January

Summary

Gross social security affiliation fell by 244,000 people in January (1.8% YoY) and unemployment rosed by 90,200 (-1.0% YoY). Excluding seasonal factors, employment barely grew by 9,000 people and unemployment by 4,000, which, in any case, represented a prolongation of the sluggishness in the labour market registrations

Key points

• Key points:
• Social Security affiliation does not regain traction
• Employment development was somewhat worse than expected in services and, above all, in agriculture
• Hiring fell despite the upturn in the indefinite
• Unemployment has risen again
• The primary sector and services were responsible for the growth in unemployment

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