The unemployment rate in Spain fell 13.92 percent in the third quarter of 2019 from 14.02 percent in the previous three-month period but above market forecast of 13.85 percent. It was the lowest jobless rate since the last quarter of 2008. Among regions, the lowest rates were recorded in Illes Balears (8.18 percent), Comunidad Foral de Navarra (8.19 percent), Cantabria (8.73 percent) and La Rioja (8.99 percent) while the highest in Melilla (28.99 percent), Ceuta (28.76 percent) and Andalucía (21.83 percent). In Catalonia, jobless rate was 10.87 percent and in Madrid 10.26 percent. Unemployment Rate in Spain averaged 16.49 percent from 1976 until 2019, 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. source: National Statistics Institute (INE)

Unemployment Rate in Spain is expected to be 13.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Spain to stand at 13.80 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 12.90 percent in 2020, according to our econometric models.

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Spain Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
13.92 14.02 26.94 4.41 1976 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-01-29 08:00 AM Q4 14.45% 14.6% 14.5% 14.9%
2019-04-25 07:00 AM Q1 14.7% 14.45% 14.38% 14.5%
2019-07-25 07:00 AM Q2 14.02% 14.7% 13.7% 14.5%
2019-10-24 07:00 AM Q3 13.92% 14.02% 13.85% 14.0%
2020-01-28 08:00 AM Q4 13.85% 13.80%


News Stream
2019-07-25
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.

2019-04-25
Spain Jobless Rate Rises to 14.7% in Q1
The unemployment rate in Spain rose to 14.7 percent in the first quarter of 2019 from 14.45 percent in the previous period and above market expectations of 14.38 percent. Among regions, the highest rates were recorded in Extremadura (22.5 percent), Andalucía (21.1 percent) and Canarias (21.0 percent) and the lowest in Comunidad Foral de Navarra (8.2 percent), País Vasco (9.6 percent) and Aragón (10.5 percent). In Catalonia, jobless rate was 11.6 percent and in Madrid 11.7 percent.

2019-01-29
Spain Jobless Rate Falls to 10-Year Low
The unemployment rate in Spain fell to 14.45 percent in the last quarter of 2018 from 14.55 in the previous period and slightly below market expectations of 14.5 percent. It remained the lowest jobless rate since the fourth quarter of 2008. Among regions, the lowest rates were recorded in País Vasco (9.6 percent), Cantabria (9.7 percent) and Comunidad Foral de Navarra (10 percent) and the highest in Extremadura (23.1 percent), Andalucía (21.3 percent) and Canarias (20 percent). In Catalonia, jobless rate was 11.8 percent and in Madrid 11.5 percent.


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.

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 5.20 5.40 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 32.34 46.97 541.53 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 [+]