Neutral and nonaligned delegations at the 35-nation Madrid detente conference, seeking to end a lengthy deadlock here, today offered a compromise for the meeting's concluding document that omitted significant human rights issues sponsored by the West.

The document made no reference to safeguards for human rights activists in the Soviet Bloc who form the so-called Helsinki monitoring groups. It also dropped western proposals for the final communique to include guarantees for journalists against expulsions, a recognition of the right to strike and a promise to halt jamming of foreign radio broadcasts.

The document was said by Swiss and Austrian delegates to be the best that could be obtained from the Soviet Bloc.

"It is impossible for states who believe in jamming to accept that it should be banned," said Swiss Ambassador Edouard Brunner.

"We negotiated hard to include expulsions" of journalists, said Austria's Franz Ceska, "but the Soviet Union said it would not renounce on that point."

The human rights issues have dominated the greater part of this European Security Review Conference, which began Nov. 11, 1980. The meeting, which is a follow-up session to the 1975 meeting in Helsinki, Finland, on European security and human rights, opened with severe western criticism of the Soviet invasion of Afghanistan and reached a deadlock last year following the imposition of martial law in Poland.

A senior western delegate said a preliminary reading of the proposal showed it to be "a bit thin in the human dimension." He added that the western delegations would study the compromise proposal and refer it to their governments.

Besides the western-supported human rights issues rejected in the proposal today, other previous western demands were watered down. Notable among them was the right to form free trade unions. In the compromise text the right to establish labor unions is made subject to its "compliance with the law of the state."

This issue and others, specifically the one concerning people who have been imprisoned for monitoring the human rights guarantees promised by the 35 governments that agreed to the Helsinki accords, were raised again in a speech last week by U.S. chief delegate Max Kampelman.

Spokesmen for the eight nations that cosponsored the compromise text said, however, that their proposal was not the basis for new negotiations but "the basis for a concluding document." Austrian Ambassador Ceska warned that if it were rejected "one should be aware that it could spell the end of the Helsinki detente process."

The document's sponsors said that the text reflected western amendments concerning guarantees for religious freedom, the staging of an experts' meeting on human rights, which is scheduled to begin in Ottawa May 7, 1985, and improved working conditions for journalists.