In this paper we study the spatial mobility that characterizes the Spanish contemporaneous labor market, focusing our attention on the period 2001-2006. To this end, we use data on registered employment contracts as supplied by the Instituto Nacional de Empleo. Initial objective was to identify the spatial structure that exists in the data. We extend the analysis by introducing the sectoral and socio-demographic details of the migrants. However and given the weakness of the spatial structure that we found, we decided to specify a dynamic panel data model. This solution allows us to combine the spatial dimension, which gives support to the data, with the strong time dynamics of the flows.