The number of people registering as jobless in Spain fell by 49,260 people, or 1.8 percent, to 2.74 million in May 2023, the lowest unemployment level for a month of May since 2008. By category, unemployment fell in services (-34,665 people), construction (-3,896), industry (-4,622), agriculture (-2,501), and among people without previous employment (-3,576). By region, the biggest decreases were reported in Andalucía (-6,521), Castilla-La Mancha (-6,138) and Galicia (-4,909). Compared to May 2022, unemployment has decreased by 183,881 people. Meanwhile, Spain gained 47,883 net formal jobs in May to 20.71 million jobs, a separate report from the Social Security Ministry showed. source: Ministerio de Empleo y Seguridad Social
Unemployment Change in Spain averaged 3.47 Thousand from 1960 until 2023, reaching an all time high of 461.00 Thousand in January of 2001 and a record low of -197.84 Thousand in July of 2021. This page provides the latest reported value for - Spain Unemployment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Unemployment Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Unemployment Change in Spain is expected to be 12.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Change is projected to trend around -7.00 Thousand in 2024 and -13.00 Thousand in 2025, according to our econometric models.