The unemployment rate in Spain declined to 14.55 in the third quarter of 2018 from 15.28 percent in the previous period and below market expectations of 14.9 percent. It was the lowest jobless rate since the last quarter of 2008. Among regions, the highest rates were recorded in Ceuta (30.8 percent), Melilla (24 percent) Andalucía (22.9 percent) and Extremadura (21.7 percent) and the lowest in Balears Illes (7.2 percent), Cantabria (9 percent) and País Vasco (9.4 percent). In Catalonia, jobless rate was 10.6 percent and in Madrid 11.9 percent. Unemployment Rate in Spain averaged 16.54 percent from 1976 until 2018, 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 15.10 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 14.40 in 12 months time. In the long-term, the Spain Unemployment Rate is projected to trend around 13.20 percent in 2020, according to our econometric models.

Spain Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-01-25 08:00 AM Unemployment Rate 16.55% 16.39% 16.15% 15.9%
2018-04-26 07:00 AM Unemployment Rate 16.74% 16.55% 16.2% 16.4%
2018-07-26 07:00 AM Unemployment Rate 15.3% 16.74% 15.8% 15.6%
2018-10-25 07:00 AM Unemployment Rate 14.6% 15.3% 14.9% 15.1%
2019-01-29 08:00 AM Unemployment Rate 14.6% 15.10%
2019-04-25 07:00 AM Unemployment Rate 14.90%
2019-07-25 07:00 AM Unemployment Rate 14.70%



Spain Jobless Rate Lowest Since 2008

The unemployment rate in Spain declined to 14.55 in the third quarter of 2018 from 15.28 percent in the previous period and below market expectations of 14.9 percent. It was the lowest jobless rate since the last quarter of 2008. Among regions, the highest rates were recorded in Ceuta (30.8 percent), Melilla (24 percent) Andalucía (22.9 percent) and Extremadura (21.7 percent) and the lowest in Balears Illes (7.2 percent), Cantabria (9 percent) and País Vasco (9.4 percent). In Catalonia, jobless rate was 10.6 percent and in Madrid 11.9 percent.

The number of unemployed people dropped by 164,100 to 3.326 million, with the highest declines seen in Catalonia (-28,300), Balears Illes (-24,600) and Castilla-La Mancha (-23,800). By age, most decreases were seen for those aged 25-54 (-121,600); those with more than 55 (-48,600) and those aged 16-24 (-1,900). Meanwhile, unemployment among people aged 20-24 rose by 8,000.

Employment went up by 183,900 thousand to 19.528 million. Job gains were seen in services (+210,200), construction (+24,900) and industry (+2,800) while the agricultural sector lost 54,000 jobs. Jobs in the private sector went up by 134,200 to 16.360 million and the public one by 49,7 00 to 3.168 million. Among regions, Illes Balears (+47,500), Catalonia (+33,500) and both Canarias and Castilla-La Mancha (+22,700) added the most jobs. 

The number of active people increased by 19,800 thousand to 22.854 million.


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/25/2018 7:52:57 AM


News

Spain Jobless Rate Lowest in Near 10 Years
The unemployment rate in Spain fell to 15.28 percent in the second quarter of 2018 from 16.7 percent in the previous period and below market expectations of 15.8 percent. It is the lowest jobless rate since the last three months of 2018. Among regions, the highest rates were recorded in Ceuta (29.5 percent), Melilla (28 percent), Estremadura (23.9 percent) and Andalusia (23.1 percent) and the lowest in Navarra (9.9 percent) and Aragon (9.9 percent). In Catalonia, unemployment rate was 11.4 percent and in Madrid 12.1 percent.
Published on 2018-07-26

Spain Jobless Rate Rises to 16.74% in Q1
The unemployment rate in Spain increased to 16.74 percent in the first three months of 2018 from a 16.55 percent in the previous period and above market expectations of 16.20 percent. Among regions, Extremadura (25.94 percent), Andalucía (24.74 percent) and Castilla-La Mancha (20.68 percent) recorded the highest jobless rates while Navarra (10.54 percent), País Vasco (10.76 percent) and La Rioja (11.03 percent) the lowest. In Catalonia, the unemployment rate was 12.19 percent and in Madrid 13.40 percent.
Published on 2018-04-26

Spain Jobless Rate Above Forecasts in Q4
The unemployment rate in Spain increased to 16.55 percent in the last three months of 2017 from an upwardly revised 16.39 percent in the previous period which was the lowest since 2008. Figures came above market expectations of 16.15 percent. Among regions, Ceuta (26.03 percent), Extremadura (25.12 percent) and Melilla (24.62 percent) showed the highest jobless rates while Navarre (9.63 percent) recorded the lowest. In Madrid, the unemployment rate was 13.75 percent and in Catalonia 12.63 percent. In the last quarter of 2016, unemployment in Spain was much higher at 18.63 percent.
Published on 2018-01-25

Spain Jobless Rate Falls to a New 2008 Low of 16.38%
The unemployment rate in Spain went down to 16.38 percent in the third quarter of 2017 from 17.22 percent in the previous period. It is a new low since the last three months of 2008 when the jobless rate was 13.79 percent. Among regions, Balearic Islands have the lowest jobless rate (9.25 percent) while Melilla (26.16 percent) and Andalusia (25.41 percent) recorded the highest. In Catalonia, the unemployment rate was 12.54 percent and in Madrid it was slightly lower at 12.35 percent.
Published on 2017-10-26



Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.55 15.28 26.94 4.41 percent [+]
Employed Persons 19528.00 19344.10 20510.60 10949.20 Thousand [+]
Unemployed Persons 3188.21 3196.95 4889.46 468.29 Thousand [+]
Unemployment Change -50.60 -1.84 461.01 -129.30 Thousand [+]
Part Time Employment 2713.80 2899.70 2899.70 572.70 Thousand [+]
Full Time Employment 16814.20 16444.30 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 6.60 7.00 13.60 1.50 percent [+]
Youth Unemployment Rate 34.10 34.60 55.90 17.20 percent [+]
Productivity 111.70 104.50 112.80 85.70 Index Points [+]
Labour Costs 102.40 98.30 105.70 66.70 Index Points [+]
Job Vacancies 32.72 71.59 541.53 19.61 Thousand [+]
Wages 1842.62 1951.81 2026.14 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 65.50 65.42 65.50 65.00 [+]
Retirement Age Men 65.50 65.42 65.50 65.00 [+]
Labor Force Participation Rate 58.73 58.80 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 [+]
Employment Change 0.70 0.40 1.80 -2.30 percent [+]
Employment Rate 64.01 63.53 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.55 15.28 26.94 4.41 1976 - 2018 percent Quarterly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.10 Nov/18
Russia 4.80 Nov/18
United Kingdom 4.10 Oct/18
United States 3.90 Dec/18
China 3.82 Sep/18
South Korea 3.80 Dec/18
Netherlands 3.60 Dec/18
India 3.52 Dec/17
Germany 3.30 Nov/18
Mexico 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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