Spain Jobless Rate Rises to 14.7% in Q1

The unemployment rate in Spain rose to 14.7 percent in the first quarter of 2019 from 14.45 percent in the previous period and above market expectations of 14.38 percent. Among regions, the highest rates were recorded in Extremadura (22.5 percent), Andalucía (21.1 percent) and Canarias (21.0 percent) and the lowest in Comunidad Foral de Navarra (8.2 percent), País Vasco (9.6 percent) and Aragón (10.5 percent).

The number of unemployed people went up by 49,900 to 3.354 million, with the highest increases seen in lles Balears (+38,100), Castilla y León (+11,600) and Principado de Asturias (+10,500). By age, unemployment among people aged with more than 55 dropped by (-4,600) while increased for those aged 20-24 (2,700) and those aged 25-54 (48,600).

Employment advanced by 93,400 thousand to 19.471 million. Job gains were registered in agriculture (+14,100), construction (+1,400) and industry (+200) while the service sector lost jobs (-109,200). Employment in the public sector rose by 2,600 to 3.214 million while in the private dropped by 96,100 million to 16.257 million. Among regions, Andalucía (+15,900), País
Vasco (+5,300) and Extremadura (+5,100) added the most jobs. 

The number of active people declined by 43,500 thousand to 22.825 million.

Spain Jobless Rate Rises to 14.7% in Q1

INE | Stefanie Moya |
4/25/2019 8:26:18 AM