Long Term Unemployment Rate in Spain decreased to 5.40 percent in the second quarter of 2019 from 5.60 percent in the first quarter of 2019. Long Term Unemployment Rate in Spain averaged 7.25 percent from 1992 until 2019, reaching an all time high of 13.60 percent in the first quarter of 2014 and a record low of 1.50 percent in the third quarter of 2007. source: Eurostat

Long Term Unemployment Rate in Spain is expected to be 6.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Spain to stand at 5.00 in 12 months time. In the long-term, the Spain Long Term Unemployment Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

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Spain Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.60 13.60 1.50 1992 - 2019 percent Quarterly

Spain Long Term Unemployment Rate
In Spain, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.92 14.02 26.94 4.41 percent [+]
Employed Persons 19874.30 19804.90 20510.60 10949.20 Thousand [+]
Unemployed Persons 3163.61 3198.18 5040.22 79.00 Thousand [+]
Unemployment Change -34.60 20.50 461.01 -129.30 Thousand [+]
Part Time Employment 2789.20 2951.50 2951.50 572.70 Thousand [+]
Full Time Employment 17085.10 16853.40 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.40 5.60 13.60 1.50 percent [+]
Youth Unemployment Rate 32.10 32.80 55.90 17.20 percent [+]
Productivity 113.90 105.90 113.90 85.70 points [+]
Labour Costs 104.80 100.40 105.90 66.70 points [+]
Job Vacancies 46.97 59.41 541.53 19.61 Thousand [+]
Wages 1876.95 1992.18 2039.01 1264.36 EUR/Month [+]
Minimum Wages 1050.00 1050.00 1050.00 485.71 EUR/Month [+]
Population 46.66 46.53 46.82 30.33 Million [+]
Retirement Age Women 65.67 65.50 65.67 65.00 [+]
Retirement Age Men 65.67 65.50 65.67 65.00 [+]
Labor Force Participation Rate 58.72 58.74 60.55 48.88 percent [+]
Living Wage Family 1150.00 1120.00 1150.00 1060.00 EUR/Month [+]
Living Wage Individual 855.00 820.00 855.00 770.00 EUR/Month [+]
Wages High Skilled 1990.00 1990.00 2120.00 1990.00 EUR/Month [+]
Wages Low Skilled 932.00 894.00 1150.00 894.00 EUR/Month [+]
Wage Growth 5.34 4.71 9.03 -7.18 percent [+]
Employment Change 0.10 0.30 1.60 -2.80 percent [+]
Employment Rate 64.54 64.49 67.18 54.91 percent [+]