Spain's unemployment rate fell to 12.48 percent in the quarter ending June of 2022 from 13.65 percent in the previous three-month period and below market expectations of 13.00 percent. It was the lowest jobless rate since September of 2008, with the number of unemployed people dropping by 255.3 thousand from the previous period to 2.919 million and employment rising by 383.3 thousand people to 20.468 million. By sector, unemployment fell the most in services (-120.7 thousand persons), industry (-18.100 thousand persons), and agriculture (-10.0 thousand persons). The labor force participation rate inched up to 58.71 percent from 58.50 percent in the previous period. source: National Statistics Institute (INE)

Unemployment Rate in Spain averaged 16.38 percent from 1976 until 2022, reaching an all time high of 26.94 percent in the first quarter of 2013 and a record low of 4.41 percent in the third quarter of 1976. This page provides the latest reported value for - Spain Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

Unemployment Rate in Spain is expected to be 12.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Rate is projected to trend around 11.00 percent in 2023 and 10.50 percent in 2024, according to our econometric models.

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Spain Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-28 07:00 AM Q1 13.65% 13.33% 13.1%
2022-07-28 07:00 AM Q2 12.48% 13.65% 13% 13.7%
2022-10-27 07:00 AM Q3


Related Last Previous Unit Reference
Unemployment Rate 12.48 13.65 percent Jun 2022
Employed Persons 20468.00 20084.70 Thousand Jun 2022
Part Time Employment 2818.30 2809.30 Thousand Jun 2022
Full Time Employment 17649.80 17275.50 Thousand Jun 2022
Labour Costs 113.10 104.20 points Dec 2021
Wages 2153.88 2006.61 EUR/Month Jun 2022
Employment Rate 51.38 50.51 percent Jun 2022
Labor Force Participation Rate 58.71 58.50 percent Jun 2022
Wages in Manufacturing 2488.90 2228.07 EUR/Month Dec 2021

Spain Unemployment Rate
In Spain, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
12.48 13.65 26.94 4.41 1976 - 2022 percent Quarterly

News Stream
Spain Jobless Rate Falls More than Expected
Spain's unemployment rate fell to 12.48 percent in the quarter ending June of 2022 from 13.65 percent in the previous three-month period and below market expectations of 13.00 percent. It was the lowest jobless rate since September of 2008, with the number of unemployed people dropping by 255.3 thousand from the previous period to 2.919 million and employment rising by 383.3 thousand people to 20.468 million. By sector, unemployment fell the most in services (-120.7 thousand persons), industry (-18.100 thousand persons), and agriculture (-10.0 thousand persons). The labor force participation rate inched up to 58.71 percent from 58.50 percent in the previous period.
2022-07-28
Spain Jobless Rate Picks Up in Q1
Spain's unemployment rate increased to 13.65 percent in the first quarter of 2022 from an over thirteen-year low of 13.33 percent in the previous three-month period, as the economic recovery began to falter amid strong headwinds from soaring energy and raw material costs and the war in Ukraine. The number of unemployed people rose by 70.9 thousand from the previous period to 3.175 million and employment shrank by 100.2 thousand people to 20.084 million. By sector, unemployment rose in services (up by 96,300 persons), industry (up by 15,700 persons), and construction (up by 1,700 persons). Conversely, unemployment fell in agriculture (down 6,300 persons). The labor force participation rate fell to 58.50 percent from 58.65 percent in the previous period.
2022-04-28
Spain Jobless Rate Falls to 13-Year Low
Spain's unemployment rate declined to 13.33 percent in the fourth quarter of 2021 from 14.57 percent in the previous three-month period and below market expectations of 14.2 percent. It was the lowest rate since the third quarter of 2008, as demand for labor strengthened amid a solid economic recovery. The number of unemployed people dropped by 312.9 thousand from the previous period to 3.104 million and employment increased by 153.9 thousand to 20.185 million. By sector, unemployment declined in services (down 79,000), agriculture (down 33,300), and construction (down 25,500). The labor force participation rate fell to 58.65 percent from 59.14 percent in the previous period.
2022-01-27