Spanish Labor Market Hits September Record Boosted by Migrant Regularization

• Social Security affiliation rose by 92,327 in September, marking the largest increase for the month on record.
• Total annual growth reached nearly 740,000 workers.
• The rise is primarily driven by 421,000 foreign affiliates from the extraordinary regularization process, 83,389 more than in August.

Labor Market Data

• Seasonally adjusted figures show an increase of 108,832 affiliates, bringing the total to 22,480,796.
• Spain has now seen 68 consecutive months of growth.
• Minister of Inclusion, Social Security and Migration, Elma Saiz, noted that daily employment figures exceeded 22.5 million during the month.

Unemployment Figures

• Registered unemployment rose by 23,587 to 2,379,505, which is the lowest figure for any September since 2007.
• Year-on-year unemployment has decreased by 42,160 people.
• The rise in monthly unemployment is partly attributed to 17,966 people joining the market without prior employment.

Sectoral and Demographic Impact

• Services sector: Unemployment rose by 6,706, the largest sectoral increase.
• Agriculture: Unemployment increased by 601 people.
• Construction and Industry: Employment showed slight growth.
• Women: Unemployment rose by 9,648, reaching a total of 1,428,405, the lowest level since September 2008.
• Youth (under 25): Unemployment rose by 21,411, bringing the total to 189,141.