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Spain Regains 21.84 Million Social Security Affiliates in Strong October as Jobless Total Ticks Up

Education-fueled hiring boosted payrolls, pointing to underlying momentum beyond typical autumn patterns.

Overview

  • Social Security added 141,926 average contributors in October, the largest October increase outside the pandemic years.
  • Registered unemployment rose by 22,101 to 2,443,766, still the lowest October level since 2007 in some official series.
  • Seasonally adjusted affiliation climbed by 64,569, indicating gains that are not solely driven by back-to-school effects.
  • Education led the increase with 167,323 new registrations, while hospitality lost about 50,594 jobs and construction added 15,347.
  • Female employment hit a record 10.3 million (47.4% of affiliates), the self-employed posted their best October on record (+9,142 to 3.42 million), and hiring was concentrated in Madrid, Valencia and Barcelona.