Spain created 506,000 jobs last year and unemployment fell to its lowest level in 18 years
The national labor market maintained its dynamism last year, despite global uncertainty and the tariff crisis. Spain created more than half a million jobs for the fourth consecutive year (506,000) thanks to the boost of the economywhich grew well above the European average, boosted by private consumption, investment and migratory flows. This cocktail is what also allowed unemployment to be reduced by 152,048 people throughout the year and the number of unemployed to stand at 2,408,670 at the end of the year. its lowest level in the last eighteen. Among those under 25 years of age, it marks the lowest levels in the entire historical series.
The data published this Monday show how Social Security affiliations rose by 19,180 in the last month of the year, bringing the country to 21.8 million contributors in both the original and seasonally adjusted series. In recent years more than two million jobs have been created following the strong recovery after the Covid crisis. In seasonally adjusted terms, affiliation totals 33,076 workers in the last month of the year and reaches the highest level of the series with 21,871,328 affiliated to the system.
