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. Unemployment Rate in Spain averaged 16.52 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.

Unemployment Rate in Spain is expected to be 14.50 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 14.40 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 12.40 percent in 2020, according to our econometric models.

Spain Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-07-26 07:00 AM Unemployment Rate 15.3% 16.74% 15.8% 15.6%
2018-10-25 07:00 AM Unemployment Rate 14.6% 15.3% 14.9% 15.1%
2019-01-29 08:00 AM Unemployment Rate 14.45% 14.6% 14.5% 14.9%
2019-04-25 07:00 AM Unemployment Rate 14.7% 14.45% 14.38% 14.5%
2019-07-25 07:00 AM Unemployment Rate 14.7% 14.38% 14.5%
2019-10-24 07:00 AM Unemployment Rate 14.2%



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).

The number of unemployed people went up by 49,900 to 3.354 million, with the highest increases seen in lles Balears (+38,100), Castilla y León (+11,600) and Principado de Asturias (+10,500). By age, unemployment among people aged with more than 55 dropped by (-4,600) while increased for those aged 20-24 (2,700) and those aged 25-54 (48,600).

Employment advanced by 93,400 thousand to 19.471 million. Job gains were registered in agriculture (+14,100), construction (+1,400) and industry (+200) while the service sector lost jobs (-109,200). Employment in the public sector rose by 2,600 to 3.214 million while in the private dropped by 96,100 million to 16.257 million. Among regions, Andalucía (+15,900), País
Vasco (+5,300) and Extremadura (+5,100) added the most jobs. 

The number of active people declined by 43,500 thousand to 22.825 million.


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/25/2019 8:26:18 AM



Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.70 14.45 26.94 4.41 percent [+]
Employed Persons 19471.10 19564.60 20510.60 10949.20 Thousand [+]
Unemployed Persons 3136.34 3127.35 4889.46 468.29 Thousand [+]
Unemployment Change -63.80 -84.10 461.01 -129.30 Thousand [+]
Part Time Employment 2900.70 2894.80 2900.70 572.70 Thousand [+]
Full Time Employment 16570.40 16669.80 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.60 5.70 13.60 1.50 percent [+]
Youth Unemployment Rate 31.70 32.70 56.00 17.20 percent [+]
Productivity 101.80 109.80 112.30 85.70 Index Points [+]
Labour Costs 100.40 105.90 105.90 66.70 Index Points [+]
Job Vacancies 64.12 51.44 541.53 19.61 Thousand [+]
Wages 1876.19 2039.01 2039.01 1264.36 EUR/Month [+]
Minimum Wages 1050.00 858.55 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 58.35 58.61 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 4.62 4.08 9.03 -7.18 percent [+]
Employment Change 0.70 0.70 1.80 -2.30 percent [+]
Employment Rate 63.58 64.00 67.18 54.91 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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.70 14.45 26.94 4.41 1976 - 2019 percent Quarterly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.30 May/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


Related

Latest