Madrid adds jobs and nears 3.9 million affiliates despite rise in unemployment

Madrid's employment momentum continues to set new records. In February, the Community added 12,806 people to Seguridad Social, an increase of 0.33% compared with January. The total number of people in employment now stands at 3,857,701, a figure that reflects the region's economic dynamism and its capacity to absorb new workers even in the months before spring.

Over the past year, membership has grown by 106,943 people, representing an increase of 2.85%. This sustained pace can be felt in the city's everyday activity, from Metro journeys to the bustle in neighbourhoods where hospitality and construction are once again gaining prominence.

Nationally, Seguridad Social added 97,004 contributors in February, reaching 21,670,636 people in employment. Sectors such as education, hospitality and construction have been the main drivers of employment across the country, a trend that is also being felt in Madrid.

However, registered unemployment in the region has seen a slight rise. In February, 3,694 more people registered as unemployed, bringing the total to 282,283, 1.33% more than the previous month. Despite this one-off increase, the year-on-year balance remains favourable: there are 9,459 fewer unemployed people than a year ago, representing a fall of 3.24%.

The evolution of employment and unemployment in Madrid often anticipates trends that later spread to the rest of the country. The city, with its diverse business fabric and its capacity to attract talent, maintains a rhythm of its own that is reflected in daily mobility and in the agendas of those who live and work here. Madrid is already beginning to move in that direction, adjusting its employment pulse to seasonal changes and new market demands.