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Spain Sees Weakest July Job Growth Since 2012 Despite Record Social Security Affiliations

Social Security registrations reached a record 21.865 million in July despite only marginal job growth.

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Overview

  • Spain added just 4,408 jobs in July, marking the slowest monthly increase since 2012.
  • Seasonal closures in education led to a loss of 123,000 salaried positions during the month.
  • Unemployment fell by 1,357 to 2.4 million, the lowest July level recorded since 2008.
  • Social Security affiliates rose to a new high of 21,865,503 registered workers.
  • Autonomous communities such as Catalonia, the Balearic Islands and Galicia saw employment gains, while Madrid, the northern interior, Andalusia and Murcia experienced declines.