Spain's unemployment rate fell to 10.61% in the fourth quarter of 2024, down from 11.21% in the previous quarter and falling short of the market consensus of 11.1%. This was the lowest rate since Q2 2008. The number of unemployed people declined by 158.6 thousand from the previous three-month period to 2.596 million, while the number of employed individuals increased by 34.8 thousand to 21.86 million. The number of active workers decreased by 123.8 thousand to 24.45 million. This quarter, employment decreased by 3.8 thousand for men, while women’s employment rose by 38.7 thousand. By nationality, the number of employed Spaniards, including those with dual nationality, increased by 14.8 thousand, while employment among foreigners grew by 20 thousand. In terms of sectors, job growth was seen in services (24,000 more jobs), Industry (7,000), and agriculture (3,200). Construction saw minimal change, with an increase of just 600 jobs. source: National Statistics Institute (INE)
Unemployment Rate in Spain decreased to 10.61 percent in the fourth quarter of 2024 from 11.21 percent in the third quarter of 2024. Unemployment Rate in Spain averaged 16.15 percent from 1976 until 2024, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2025.
Unemployment Rate in Spain decreased to 10.61 percent in the fourth quarter of 2024 from 11.21 percent in the third quarter of 2024. Unemployment Rate in Spain is expected to be 11.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Rate is projected to trend around 10.20 percent in 2026 and 9.70 percent in 2027, according to our econometric models.