The number of people registered as unemployed in Spain fell by 91.5 thousand, or 2.81 percent, to 3.164 million in April 2019, compared to market expectations of a 85 thousand decline. That was the second straight month of falling jobless figures. By sector, unemployment dropped in services (-81.1 thousand), agriculture and fishery (-5.4 thousand) and industry (-3.5 thousand). By regions, main decreases were recorded in Andalucía (-26.2 thousand), Catalonia (-14.1 thousand) and Illes Balears (-10 thousand). Unemployment went down by 15.2 thousand for those under 25 years old and by 76.3 thousand for those aged more than 25. Unemployment Change in Spain averaged 4.31 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 -88.60 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 -45.50 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.