Spanish Unemployment Falls for the First Time in Two Years in Q2



In the second quarter of 2013, Spain's jobless rate edged down to 26.3 percent from 27.2 percent in Q1 but it is up on an annual basis, from 24.6 percent in Q2 of 2012. Employment increased mainly in the private sector remaining virtually unchanged in the public sector.

The number of unemployed in Spain dropped to 5.98 million from 6.20 million a quarter earlier. Unemployment among males fell 1.2 percentage points to 25.6 percent and female unemployment fell 0.5 points to 27.1 percent.

Employment rose in Services (+154.8 thousand persons) and in Agriculture (+ 37.5 thousand) while it fell in Construction (-26.5 thousand) and Industry (-16.8 thousand). Total active population fell by 76,100 persons and stood at 22.76 million, leaving the rate of activity in 59.5 percent. In one year, the rate has fallen by more than half a point. 


Spanish Unemployment Falls for the First Time in Two Years in Q2


INE | Nuno Fontes | nuno@tradingeconomics.com
7/25/2013 9:08:23 AM