Spanish Unemployment Rate Rises Slightly in Q1

Spain’s jobless rate increased to 25.93 percent in the first three months of 2014, up from a revised 25.73 percent in the previous quarter. The workforce dropped by 187,000 people to 22.884 million and employment also fell.

The first three months of the year are traditionally bad months for job creation in Spain. In 2014, the seasonal hiring during the Easter week fell in April, while in 2013 it fell in March.  

The number of unemployed people decreased slightly by 2,300 (-0.04 percent) over the previous quarter to 5.93 million. On a yearly basis, unemployment fell by 344,900 people, recording the highest annual decrease since the third quarter of 2005.

Andalucía (-59,200 people), Canarias (-9,300 people) and Madrid (-8,600) recorded the highest drop in unemployment, while Illes Balears (+18,800) and Galicia (+16.100) showed the biggest increases.  

Employment fell by 184,600 people (-1.08 percent qoq) to 16.95 million. Employment in the private sector shrank by 195,000 people, while public employment gained 11,100 jobs. Among those that have jobs, 16 percent are employed part-time and 23 percent on a temporary contract.

Employment rose in agriculture (+31,800 people), but fell in services (-126,000), construction (-48,200) and industry (-42,200). 

Among regions, employment rose the most in Andalucía (+ 41,700), but recorded the highest decreases in Comunitat Valenciana (-40,900), Cataluña (–38,100) and Illes Balears (–36,300).

Spanish Unemployment Rate Rises Slightly in Q1

Joana Taborda |
4/29/2014 9:51:38 AM