Social Security enrolment increases for 55 consecutive months in seasonally adjusted terms and totals 495,428 enrolled in twelve months, an increase of 2.38%.
The Social Security registered 21,301,787 Social Security enrolments in November, discounting seasonal and calendar effects. This represents an increase of 495,428 employed persons so far this year. There have now been 55 months of uninterrupted growth in employment in this series, after adding 13,116 new affiliates this month, which takes the series to a new record high.
TDB keeps you informed. Follow us on Facebook, Twitter and Instagram
Social Security consolidates the 21.3 million registered in November
In seasonally adjusted terms, enrolment has increased by 1.94 million workers since before the pandemic.
The daily series has exceeded 21.3 million since 18 November.
Average enrolment (original series) also exceeds 21.3 million (21,302,463), which means that this is the November with the highest level of employment in the historical series, with 496,389 more enrolled than a year ago (+2.4%). Although this is 30,051 fewer employed than in October, it is a slightly better performance than the average for 2017, 2018 and 2019.
In a month-on-month comparison by sector, in the General Regime, Education stands out, which continues to grow (+2.2%). Trade (0.9%), Construction (0.7%) and Transport (0.5%), among others, also added affiliates. Hotels and restaurants fell (7.6%).
In year-on-year terms, most of the sectors of the General Regime gained affiliates. Agriculture increased by 5.6%, and Transport and Storage (+5%), Education (+4.9%), and Hotels and Restaurants (+4.4%) added nearly 5%. There was also an increase in enrolment, especially in Professional, Scientific and Technical Activities (3.7%).
The number of self-employed, meanwhile, is close to 3.4 million (RETA and SETA), with 3,385,663 self-employed workers, after adding 41,961 workers in the last year, thanks to the pull of the high value-added sectors. In a year-on-year comparison, 47,237 more workers have been registered in the RETA alone, excluding the agricultural self-employed, reaching 3.22 million, the highest figure in the series since 2008. In the last year, Information and Communications and Scientific and Technical Professional Activities have added 21,083 self-employed workers.
For its part, in the last decade, the employment of foreigners has grown faster than that of nationals. In November, affiliates from other countries accounted for 13.5% of the total; 2.9 million workers in the original series, 226,965 more than a year ago.
If we focus on the areas most affected by the DANA, the enrolment data for the moment show no impact on employment. Enrolment in the province of Valencia has increased with respect to October by 11,217 and with respect to a year ago by 24,659, to a total of 1,170,026 members.
Higher employment growth than other major European economies.
Job creation in Spain (+8%) exceeds that of the major European countries (Italy, +5.1%; France, +2.3%; Germany, +1.7%) since the end of 2021, before the entry into force of the labour reform.
10.1 million women in the labour force
In November, the average number of female affiliates again exceeded 10 million, with 10,087,343 employed women, representing 47.4% of the total number of workers, a percentage at historical highs.
The growth in female employment is 9.2% since the year before the labour reform and is 2.5 percentage points higher than the increase among men, which is 6.7%. In year-on-year terms, female enrolment also grew more: 2.6%, compared to 2.2% for men.
Youth employment also shows above-average dynamism, with an increase of 17.7% since 2021, which is up to 9.9 points more than the growth of overall employment (7.8%), i.e. it is growing more than twice as fast as the average.
High value-added occupations
The increase in enrolment compared to the pre-pandemic level is particularly strong in high-value-added sectors, such as Information and Communications and Professional, Scientific and Technical Activities. These activities also show significant growth so far in 2024 (with 76,000 more employed) and increases of around 4%, compared with the national average of 2.7%.
Almost 3.7 million more workers with permanent contracts since the approval of the labour market reform.
Not only is there more employment, but the quality of employment has also increased. There are currently more than 14.7 million employed people with permanent contracts, of whom more than 9.7 million work full-time. This represents almost 3.7 million more workers (3,684,379) with permanent contracts since the approval of the labour reform.
Moreover, the average duration of contracts continues to increase and the number of days of those who have taken sick leave has risen by 32.4% in the period January-November this year compared with the same period in 2019. 58% of those affiliated have a full-time contract, compared with 50.2% in November 2021, before the labour reform.
The dynamism of the labour market and the increase in the quality of employment are helping to strengthen the sustainability of the pension system (income from social security contributions is increasing at a rate of around 8%) and the ratio of contributors per pensioner stands at 2.43, levels that show the sustainability of the pension system.