Spain Jobless Rate Lowest Since 2008


The unemployment rate in Spain declined to 14.02 in the second quarter of 2019 from 14.70 percent in the previous period but above market expectations of 13.7 percent. It was the lowest jobless rate since the last quarter of 2008. Among regions, the lowest rates were recorded in Comunidad Foral de Navarra (7.58 percent), País Vasco (8.63 percent) and Cantabria (9.01 percent) and the highest in Melilla (26.21 percent), Ceuta (24.61 percent) and Andalucía (21.04 percent). In Catalonia, jobless rate was 11.17 percent and in Madrid 10.54 percent.

The number of unemployed people went down by 123,600 to 3.231 million with the highest decreases seen in Comunidad de Madrid (-37,300), llles Balears  (-26,300) and Catalonia (-15,300). By age, most declines were seen for those aged 20-24 (-7,800); those aged 25-54 (-120,600) and those aged with more than 55 went down by 800. Meanwhile, unemployment among people aged 16-19 rose by 5,500.

Employment went up by 333,800 thousand to 19.804 million. Job gains were seen in services (+313,200), and industry (+56,000) while decreases were seen among the agricultural sector (-30,400) and the construction sector (-5,000). Jobs in the private sector went up by 352,900 to 16.610 million while regarding the public sector it fell by 19,100 to 3.195 million. Among regions, llles Balears (+62,600), Cominidad de Madrid (+61,100) and Catalonia (+40,200) added the most jobs.  

The number of active people increased by 210,200 to 23.036 million.

Spain Jobless Rate Lowest Since 2008


INE | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
7/25/2019 10:28:22 AM