Social security registrations surge in Spain

Social security registrations surge in Spain
Spain pull further out of employment woes

THE average number of National Insurance contributors in Spain stood at 18,489,329 in July, the highest figure since December 2008 (18,531,312), after rising by 56,222 in July (up 0.31 percent). This is the 44th straight month with a positive seasonally-adjusted figure (up by 12,283).

​In year-on year terms, July closed with an average of 644,337 more contributors (up 3.61 per cent), the best figure for a month of July in the last 11 years, and almost 2.4 million (2,338,582) of the jobs shed during the crisis have now been recovered (70 per cent of those jobs lost).

Another significant figure is the number of female contributors to the social security system, which, at 8,484,137 workers, is the highest figure on record for women in work for a month of July.

If contributor trends are analysed over the year (taking the difference between the number of contributors from July 2017 and those from December last year), it can be seen that the social security system now has 640,274 more contributors, the highest number on record with the exception of the extraordinary year of 2005 (920,033), following the mass regularisation of immigrants.

Secretary for the Social Security, Tomás Burgos, said: “July shows strong positive monthly and, above all, annual rates. And we have now exceeded the figure of 18.5 million contributors (in fact, this was exceeded in the first 10 days of last month)”.

“Economic growth in Spain continues to strongly translate to a rise in contributor numbers, which is 0.5 points higher than the growth figure. Furthermore, revenue continues to rise significantly higher than the figure for growth in contributor numbers”.

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