Spain's unemployment rate declined to 15.98 percent in the first quarter of 2021 from 16.13 percent in the previous three-month period and below market expectations of 16.6 percent. Still, the jobless rate remained above the 14.41 percent recorded in the first quarter of 2020, when the coronavirus pandemic first hit the labor market. The number of unemployed people decreased by 65.8 thousand from the previous period to 3.654 million and employment dropped by 137.5 thousand to 19.207 million. By sector, unemployment decreased in services (down 97,500) due to the economic reopening, but rose in agriculture (up 3,100), industry (up 1,400) and construction (up 1,100). The labor force participation rate dropped to 57.69 percent, from 58.19 percent in the previous period. source: National Statistics Institute (INE)

Unemployment Rate in Spain averaged 16.45 percent from 1976 until 2021, 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 May of 2021.

Unemployment Rate in Spain is expected to be 19.60 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 17.60 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 16.00 percent in 2022 and 14.90 percent in 2023, according to our econometric models.

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Spain Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.98 16.13 26.94 4.41 1976 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-28 07:00 AM Q2 15.33% 14.41% 16.7% 17.2%
2020-10-27 08:00 AM Q3 16.26% 15.33% 15.9% 16.5%
2021-01-28 08:00 AM Q4 16.13% 16.26% 16.6% 18.5%
2021-04-29 07:00 AM Q1 15.98% 16.13% 16.6% 17%
2021-07-29 07:00 AM Q2 15.98% 16.9%
2021-10-28 08:00 AM Q3


News Stream
Spain Jobless Rate Falls to 15.98% in Q1
Spain's unemployment rate declined to 15.98 percent in the first quarter of 2021 from 16.13 percent in the previous three-month period and below market expectations of 16.6 percent. Still, the jobless rate remained above the 14.41 percent recorded in the first quarter of 2020, when the coronavirus pandemic first hit the labor market. The number of unemployed people decreased by 65.8 thousand from the previous period to 3.654 million and employment dropped by 137.5 thousand to 19.207 million. By sector, unemployment decreased in services (down 97,500) due to the economic reopening, but rose in agriculture (up 3,100), industry (up 1,400) and construction (up 1,100). The labor force participation rate dropped to 57.69 percent, from 58.19 percent in the previous period.
2021-04-29
Spain Jobless Rate Unexpectedly Falls in Q4
Spain's unemployment rate edged down to 16.13 percent in the fourth quarter of 2020 from a 2-1/2 year high of 16.26 percent in the previous period and below market expectations of 16.6 percent. The rate does not include furloughed workers, meaning the true figure could be significantly higher. The number of unemployed people decreased by 3.1 thousand to 3.720 million and employment rose by 167.4 thousand to 19.344 million. The jobless rate stood at 13.78 percent in the fourth quarter of 2019.
2021-01-28
Spain Jobless Rate at 2-1/2-Year High in Q3
Spain's unemployment rate rose to 16.26 percent in the third quarter of 2020, the highest since the first quarter of 2018 and above market expectations of 15.90 percent, as the coronavirus pandemic hit the labor market. The rate does not include furloughed workers, meaning the true figure could be significantly higher. The number of unemployed people increased by 355 thousand to 3.723 million, the largest quarterly jump since 2012; while employment rose by 569.6 thousand to 19.177 million, after falling by a record pace in the previous period. Young people were the most affected as the unemployment rate among the under 25s was up to 40.45 percent in the third quarter. Q3 is usually the time of the year when more people are working in Spain as tourism boosts seasonal employment, but hospitality, accommodation and transport are among those activities that have suffered the most from Covid-19.
2020-10-27
Spain Jobless Rate Climbs to 2-Year High as COVID-19 Hits
Spain's unemployment rate rose to 15.33 percent in the second quarter of 2020, the highest since the first quarter of 2018, but below market expectations of 16.70 percent with the extent of the coronavirus crisis being masked by leaving out people on furlough and those not meeting technical jobless criteria. The number of unemployed increased by 55 thousand to 3.368 million, while employment declined by a record 1.074 million to 18.607 million. In addition, 1.019 million people dropped out of the labor force.
2020-07-28

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.