Spain closed 2025 with record affiliation figures and labor growth of 2.4%.
Job creation was concentrated on workers over 50 years old.
The sectors with greater added value show positive signs.
Structural change is not resolving the incorporation of young people into the labor market.
The only age group that is losing employment is 40 to 50 years.
Education, health and social services lead job creation.
Conclusion: Spain creates jobs, but distributes it unevenly among generations. A policy is needed that accelerates youth incorporation, with wages, stability and real expectations to avoid social frustration.