SPAIN
Registered unemployment
Unemployment dropped in May by 117,985 persons (-34,160 persons in seasonally adjusted terms), the largest decline ever for this month, to 4,215,031 people out of work. The year-on-year average decline (-7.82%; -357,354 persons) was also the largest ever.
During this month 1,573,293 new contracts were signed (+7.9% year-on-year). Full-time permanent contracts increased 9.5%.
Also in May enrolment in Social Security grew 1.25%, with 213,015 more working people (57,721 in seasonally adjusted terms), reaching a total of 17,221,310. This is the greatest monthly rise on record, except for the months of May, June and July 2005, when a number of immigrants to Spain regularized their Social Security situation. In year-on-year terms, the increase was 3.57% (+592,937 persons).
