Spain Unemployment Rate  1976-2017 | Data | Chart | Calendar | Forecast

The unemployment rate in Spain fell to 17.22 percent in the second quarter of 2017 from 18.75 percent in the previous period. It is the lowest jobless rate since the last quarter of 2008, below market expectations of 17.8 percent. Yet, unemployment has been falling since 2013 when it hit a record high of 27 percent after a real estate and construction crisis that started in 2008 led to a recession. However, the jobless rate still remains at double digits and higher than its pre-crisis level. Spain has the second highest unemployment rate in the EU after Greece. Unemployment Rate in Spain averaged 16.56 percent from 1976 until 2017, 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.

Spain Unemployment Rate
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Spain Jobless Rate Drops To 8-1/2-year Low


The unemployment rate in Spain fell to 17.22 percent in the second quarter of 2017 from 18.75 percent in the previous period. It is the lowest jobless rate since the last quarter of 2008, below market expectations of 17.8 percent. Yet, unemployment has been falling since 2013 when it hit a record high of 27 percent after a real estate and construction crisis that started in 2008 led to a recession. However, the jobless rate still remains at double digits and higher than its pre-crisis level. Spain has the second highest unemployment rate in the EU after Greece.

The number of jobless people fell by 340.7 thousand to 3.9143 million, with declines seen in all sectors. Unemployment in services went down by 144 thousnad, following a 104.8 thousand rise in the previous quarter. By region, the largest decreases occurred in Catalonia (-79.2 thousand), Andalusia (-72.2 thousand) and Madrid (-38.9 thousand).

The number of employed increased by 375 thousand to 18.8133 million, mainly due to rises in services (+272.4 thousand), industry (+65.7 thousand) and construction (+52.1 thousand). In contrast, employment fell in agriculture (-15.2 thousand). By region, the largest increases were seen in Catalonia (72.6 thousand), Balearic Islands (65 thousand) and Andalusia (53.5 thousand). Employment increased in by 345.1 thousand in the private sector and by 29.9 thousand in the public. 

The number of active people increased by 34.3 thousand to 22.7276 million, bringing the labour force participation rate up to 58.84 percent from 58.78 percent.

INE | Joana Taborda | joana.taborda@tradingeconomics.com
7/27/2017 7:45:05 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-01-26 08:00 AM Unemployment Rate 18.63% 18.91% 18.7% 18.7%
2017-04-27 07:00 AM Unemployment Rate 18.75% 18.60% 18.6% 18.8%
2017-07-27 07:00 AM Unemployment Rate 17.22% 18.75% 17.8% 18%
2017-10-26 07:00 AM Unemployment Rate 17.22% 16.8%


Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.22 18.75 26.94 4.41 percent [+]
Employed Persons 18813.30 18438.30 20510.60 10949.20 Thousand [+]
Unemployed Persons 3488.55 3477.11 4889.46 468.29 Thousand [+]
Unemployment Change 46.40 -26.89 461.01 -129.30 Thousand [+]
Part Time Employment 2870.10 2874.30 2874.30 572.70 Thousand [+]
Full Time Employment 15943.20 15564.00 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 8.60 8.90 13.60 1.50 percent [+]
Youth Unemployment Rate 38.60 39.00 56.10 17.20 percent [+]
Labour Costs 97.70 104.30 105.70 66.70 Index Points [+]
Productivity 105.70 102.20 112.40 85.70 Index Points [+]
Job Vacancies 36.15 50.82 541.53 19.61 Thousand [+]
Wages 1942.01 1829.13 2026.14 1264.36 EUR/Month [+]
Minimum Wages 825.65 764.40 825.65 485.71 EUR/Month [+]
Population 46.53 46.44 46.82 30.33 Million [+]
Retirement Age Women 65.42 65.33 65.42 65.00 [+]
Retirement Age Men 65.42 65.33 65.42 65.00 [+]
Employment Change 0.90 0.70 1.80 -2.30 percent [+]
Employment Rate 62.04 60.82 67.18 54.91 percent [+]
Wages High Skilled 2110.00 2130.00 2130.00 2000.00 EUR/Month [+]
Wages Low Skilled 876.00 858.00 900.00 816.00 EUR/Month [+]
Labor Force Participation Rate 58.84 58.78 60.55 48.88 percent [+]
Living Wage Family 1048.90 1004.00 1048.90 967.80 EUR/Month [+]
Living Wage Individual 870.70 834.40 870.70 799.10 EUR/Month [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
17.22 18.75 26.94 4.41 1976 - 2017 percent Quarterly




unemployment rate by Country

Last
Spain 17.22 Jun/17
Brazil 12.80 Jul/17
Italy 11.30 Jul/17
Turkey 10.20 Jun/17
France 9.50 Jun/17
Euro Area 9.10 Jul/17
Canada 6.20 Aug/17
Australia 5.60 Aug/17
Indonesia 5.33 Mar/17
India 4.90 Dec/13
Russia 4.90 Aug/17
Netherlands 4.80 Jul/17
United States 4.40 Aug/17
United Kingdom 4.30 Jul/17
China 3.95 Jun/17
South Korea 3.80 Aug/17
Germany 3.70 Jul/17
Mexico 3.40 Jul/17
Switzerland 3.00 Aug/17
Japan 2.80 Jul/17