The number of people registered as unemployed in Spain dropped by 63.8 thousand, or 4.63 percent, to 3.016 million in June 2019, the lowest level since November 2008. It compares with market expectations of a 90 thousand decline. By sector, unemployment fell in: without previous job (-8 thousand), industry (-5.8 thousand), construction (-4 thousand) and services (-51.8 thousand); while rose in agriculture and fishery (+5.8 thousand). By regions, main declines were recorded in Catalonia (-13.8 thousand), Castilla y León (-7.2 thousand) and Madrid (-6.5 thousand). Unemployment went down by 16 thousand for those under 25 years old and by 47.8 thousand for those aged more than 25. Unemployment Change in Spain averaged 4.09 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 32.00 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 -82.00 in 12 months time. In the long-term, the Spain Unemployment Change is projected to trend around -36.00 Thousand in 2020, according to our econometric models.