Spanish Unemployment Rate Stable in Q4


Spain’s jobless rate was recorded at 23.7 percent in the three months to December, marginally up from 23.67 percent in the third quarter. Although the number of unemployed came slightly above market expectations, employment posted the highest gain since 2006.

The number of employed rose by 65,100 persons over the previous quarter to 17.57 million. There were more people employed in agriculture (+62,800 persons), industry (+11,700) and construction (+7,800). In contrast, employment fell in the services sector (-17,200). The private sector added 63,100 new jobs while public employment gained 2,000.

The number of unemployed rose by 30,100 persons to 5.46 million. Among regions, Valencia (-44,700), Andalucía (-23,300) and Canarias (-20,100) recorded the biggest drop in unemployment while Catalonia (+30,500), Madrid (+28,800) and Basque Country (+19,000) showed the biggest increases.
Considering full 2014, the number of unemployed decreased for the second consecutive year. 

Spanish Unemployment Rate Stable in Q4


Carolina Cunha | carolina.cunha@tradingeconomics.com
1/22/2015 12:09:57 PM