The unemployment rate in Spain declined to 14.02 in the second quarter of 2019 from 14.70 percent in the previous period but above market expectations of 13.7 percent. It was the lowest jobless rate since the last quarter of 2008. Among regions, the lowest rates were recorded in Comunidad Foral de Navarra (7.58 percent), País Vasco (8.63 percent) and Cantabria (9.01 percent) and the highest in Melilla (26.21 percent), Ceuta (24.61 percent) and Andalucía (21.04 percent). In Catalonia, jobless rate was 11.17 percent and in Madrid 10.54 percent. Unemployment Rate in Spain averaged 16.50 percent from 1976 until 2019, 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.

Unemployment Rate in Spain is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Spain to stand at 13.70 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 12.90 percent in 2020, according to our econometric models.

Spain Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-25 07:00 AM Unemployment Rate Q3 14.6% 15.3% 14.9% 15.1%
2019-01-29 08:00 AM Unemployment Rate Q4 14.45% 14.6% 14.5% 14.9%
2019-04-25 07:00 AM Unemployment Rate Q1 14.7% 14.45% 14.38% 14.5%
2019-07-25 07:00 AM Unemployment Rate Q2 14.02% 14.7% 13.7% 14.5%
2019-10-24 07:00 AM Unemployment Rate Q3 14.02% 14.0%



Spain Jobless Rate Lowest Since 2008

The unemployment rate in Spain declined to 14.02 in the second quarter of 2019 from 14.70 percent in the previous period but above market expectations of 13.7 percent. It was the lowest jobless rate since the last quarter of 2008. Among regions, the lowest rates were recorded in Comunidad Foral de Navarra (7.58 percent), País Vasco (8.63 percent) and Cantabria (9.01 percent) and the highest in Melilla (26.21 percent), Ceuta (24.61 percent) and Andalucía (21.04 percent). In Catalonia, jobless rate was 11.17 percent and in Madrid 10.54 percent.

The number of unemployed people went down by 123,600 to 3.231 million with the highest decreases seen in Comunidad de Madrid (-37,300), llles Balears  (-26,300) and Catalonia (-15,300). By age, most declines were seen for those aged 20-24 (-7,800); those aged 25-54 (-120,600) and those aged with more than 55 went down by 800. Meanwhile, unemployment among people aged 16-19 rose by 5,500.

Employment went up by 333,800 thousand to 19.804 million. Job gains were seen in services (+313,200), and industry (+56,000) while decreases were seen among the agricultural sector (-30,400) and the construction sector (-5,000). Jobs in the private sector went up by 352,900 to 16.610 million while regarding the public sector it fell by 19,100 to 3.195 million. Among regions, llles Balears (+62,600), Cominidad de Madrid (+61,100) and Catalonia (+40,200) added the most jobs.  

The number of active people increased by 210,200 to 23.036 million.


INE | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
7/25/2019 10:28:22 AM



Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.02 14.70 26.94 4.41 percent [+]
Employed Persons 19804.90 19471.10 20510.60 10949.20 Thousand [+]
Unemployed Persons 3143.69 3139.25 4889.46 468.29 Thousand [+]
Unemployment Change 54.40 -4.30 461.01 -129.30 Thousand [+]
Part Time Employment 2951.50 2900.70 2951.50 572.70 Thousand [+]
Full Time Employment 16853.40 16570.40 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.60 5.70 13.60 1.50 percent [+]
Youth Unemployment Rate 32.10 32.40 55.90 17.20 percent [+]
Productivity 105.90 101.80 112.30 85.70 Index Points [+]
Labour Costs 104.80 100.40 105.90 66.70 Index Points [+]
Job Vacancies 33.22 46.34 541.53 19.61 Thousand [+]
Wages 1992.18 1876.19 2039.01 1264.36 EUR/Month [+]
Minimum Wages 1050.00 858.55 1050.00 485.71 EUR/Month [+]
Population 46.66 46.53 46.82 30.33 Million [+]
Retirement Age Women 65.67 65.50 65.67 65.00 [+]
Retirement Age Men 65.67 65.50 65.67 65.00 [+]
Labor Force Participation Rate 58.74 58.35 60.55 48.88 percent [+]
Living Wage Family 1150.00 1120.00 1150.00 1060.00 EUR/Month [+]
Living Wage Individual 855.00 820.00 855.00 770.00 EUR/Month [+]
Wages High Skilled 1990.00 1990.00 2120.00 1990.00 EUR/Month [+]
Wages Low Skilled 932.00 894.00 1150.00 894.00 EUR/Month [+]
Wage Growth 4.92 4.96 9.03 -7.18 percent [+]
Employment Change 0.30 0.70 1.80 -2.30 percent [+]
Employment Rate 64.49 63.58 67.18 54.91 percent [+]


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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.02 14.70 26.94 4.41 1976 - 2019 percent Quarterly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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