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8h ago

Spain Sheds 199,300 Jobs, Worst August Since 2019

Officials call the drop seasonal, citing adjusted payroll gains alongside the lowest August unemployment since 2007.

Obreros trabajando en la construcción de un edificio en Vigo.
Trabajadores de la construcción en una obra en Xàtiva.
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Turistas de partida en el último fin de semana de vacaciones de agosto en València

Overview

  • Social Security affiliates fell by 199,300 from July to 21,666,203, ending six straight months of growth and remaining 476,801 above a year ago.
  • Registered unemployment rose by 21,905 to 2,426,511, the lowest August level since 2007, with services driving the increase and agriculture posting a decline.
  • Seasonally adjusted data showed a gain of 29,836 affiliates, which the government presents as evidence of underlying employment momentum.
  • Job losses were widespread across sectors, led by education (-75,869) and followed by administrative activities (-19,061), industry (-16,763) and construction (-15,455).
  • Contract data underscored persistent temporality as SEPE logged 1,039,962 contracts in August and more than half of year-to-date hires are temporary, while indefinite contracts have declined in 2025.