The number of people registered as unemployed in Spain rose by 13.9 thousand from a month earlier, or 0.45 percent, to 3.08 million in September 2019, the lowest figure for a September month since 2008. By sector, the unemployment went up in services (+24.4 thousand) but fell in industry (-2.5 thousand); construction (-7.6 thousand) and agriculture (-9.6 thousand). By regions, main gains were seen in Andalucía (+4.9 thousand) and Extremadura (+4.0 thousand) while declines were seen in País Vasco (-2.4 thousand), Castilla–La Mancha (-2.2 thousand) and La Rioja (-932). Unemployment advanced by 22.7 thousand for those under 25 years old and by 8.8 thousand for those aged more than 25. Unemployment Change in Spain averaged 4.16 Thousand from 1960 until 2019, reaching an all time high of 461.01 Thousand in January of 2001 and a record low of -129.30 Thousand in April of 2017.
Unemployment Change in Spain is expected to be -45.50 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Change in Spain to stand at 44.00 in 12 months time. In the long-term, the Spain Unemployment Change is projected to trend around -36.00 Thousand in 2020, according to our econometric models.