The number of people registered as unemployed in Spain increased by 3.3 thousand from a month earlier, or 0.1 percent, to 3.289 million in February of 2019 and below market expectations of a 5.5 thousand rise. By sector, unemployed went up in agriculture (+9,885) while fell in construction (-4,647); industry (-8,304) and services (-7,581). Registered unemployment rose in 9 autonomous communities, mostly in Andalucia (+4,596) and Madrid (+3,606). On the other hand, registered unemployment dropped in 8 autonomous communities, namely Aragón (-2,097); Illes Balears (-2,091) and Cataluña (-1,734). Also, unemployment went up by 10,935 for people below 25 years old while for those aged more than 25, jobless went down by 7,656. Unemployment Change in Spain averaged 4.50 Thousand from 1960 until 2019, reaching an all time high of 461.01 Thousand in January of 2001 and a record low of -129.30 Thousand in April of 2017.
Unemployment Change in Spain is expected to be -38.60 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Change in Spain to stand at -45.50 in 12 months time. In the long-term, the Spain Unemployment Change is projected to trend around -32.10 Thousand in 2020, according to our econometric models.