Spain destroys 92,500 jobs in the first quarter and unemployment decreased by 11.4 %, but the labor market maintains a pulse

The Spanish labor market begins every year with bad news and this time was no exception. Between January and March 2025, Spain saw how 92500 jobs were destroyed and how unemployment increased from a rate of 10.6 % to the end of 2024 to 11.4 % in the first quarter. This is reflected in data Wiping the active population (EPA) from National Statistical Institute (INE) spread early on Monday. These numbers are place andL number of Spain workers in the first quarter in 21.8 million people. As for the unemployment rate, it is higher than the first quarter of last year, but it is the lowest level of the year since 2009.

The collapse of employment at the beginning of the year is a model advantage of the Spanish economy and has a great relationship with the seasonal behavior of the services sector. Only in hospitality, the number of employees has been reduced by 143,000 Between the first quarter of 2025 and the other of 2024, as the market enters the upward phase of the tournament in the coming months with the arrival of good weather, it is normal for the work to grow again.

In fact, if we put in the context the numbers presented by the labor market at the beginning of this year with what is usually common on these dates, the image is not pessimistic. Between January and March 2024, approximately 140,000 jobs were destroyedand Less 47000 than this new section of 2025.

If we look at the higher data, the labor market added 160,000 additions At the beginning of the year, the second best record for this statistic in the year and a half last year. In the past 12 months – it was measured, yes, with the algorithm that INE is using to erase the seasonal effects – Spain has added 520,000 workers. 567,000 if we only look at private sector data.

For the Ministry of Economy, the well -known environmental protection agency data shows on Monday “the dynamics of the labor market, while maintaining the rhythm in creating workers and with more stable workers and in larger valuable sectors.”