Spanish Unemployment Rate at 26% in Q4 2013


In the fourth quarter of 2013, Spanish unemployment rate rose slightly to 26.03 percent from 25.98 percent in the previous three-month period, confirming Spain as the country with the second largest jobless rate in the EU. However, the number of unemployed persons recorded the highest decrease in five years.

In the fourth quarter of 2013, employment fell 0.39 percent, the lowest drop in five years. Employment rose in agriculture (+ 85 200 persons) while declined in services (- 109 100 persons), construction (-35 200 persons) and industry (-6000 persons). 

Unemployment decreased by 8400 to 5 896 300 persons, the highest decrease since the fourth quarter of 2008. Compared with the same period last year, unemployment dropped by 69 000 persons.

Among regions, employment rose in Cataluña (+ 25 400), Canarias (+ 22 000) Comunitat Valenciana (+ 20 000) and decreased in Illes Balears (-61 900), Castilla y León (- 25 500) and Galicia (- 18 900).  

Spanish Unemployment Rate at 26% in Q4 2013


Joana Taborda | joana.taborda@tradingeconomics.com
1/23/2014 10:12:38 AM