Spain's unemployment rate fell to 14.57 percent in the third quarter of 2021 from 15.26 percent in the previous three-month period, amid the easing of COVID-19 restrictions but came above market expectations of 14.2 percent. Also, the unemployment rate remains above the 13.78% rate recorded in the fourth quarter of 2019 before the pandemic hit Spain. The number of unemployed people decreased by 127.1 thousand from the previous period to 3.416 million and employment increased by 359.3 thousand to 20.031 million. Across regions, Cataluña’s jobless population shrank the most (-51,900), followed by Baleares (-28,400), Castilla y León (-27,600), and Galicia (-25,700). Finally, the labor force participation rate rose to 59.14 percent from 58.58 percent in the previous period. source: National Statistics Institute (INE)

Unemployment Rate in Spain averaged 16.43 percent from 1976 until 2021, 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 December of 2021.

Unemployment Rate in Spain is expected to be 15.40 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 14.40 percent in 2022 and 13.70 percent in 2023, according to our econometric models.

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Spain Unemployment Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-29 07:00 AM Q2 15.26% 15.98% 15.1% 15.1%
2021-10-28 07:00 AM Q3 14.57% 15.26% 14.2% 15.1%
2022-01-28 08:00 AM Q4


Related Last Previous Unit Reference
Unemployment Rate 14.57 15.26 percent Sep/21
Employed Persons 20031.00 19671.70 Thousand Sep/21
Full Time Employment 17333.90 16836.30 Thousand Sep/21
Part Time Employment 2697.10 2835.40 Thousand Sep/21
Labour Costs 108.90 102.50 points Jun/21
Wages 2064.37 1907.82 EUR/Month Jun/21
Employment Rate 50.52 49.63 percent Sep/21
Labor Force Participation Rate 59.14 58.58 percent Sep/21
Wages In Manufacturing 2373.53 2248.24 EUR/Month Jun/21

News Stream
Spain Jobless Rate Nears Pre-Pandemic Low
Spain's unemployment rate fell to 14.57 percent in the third quarter of 2021 from 15.26 percent in the previous three-month period, amid the easing of COVID-19 restrictions but came above market expectations of 14.2 percent. Also, the unemployment rate remains above the 13.78% rate recorded in the fourth quarter of 2019 before the pandemic hit Spain. The number of unemployed people decreased by 127.1 thousand from the previous period to 3.416 million and employment increased by 359.3 thousand to 20.031 million. Across regions, Cataluña’s jobless population shrank the most (-51,900), followed by Baleares (-28,400), Castilla y León (-27,600), and Galicia (-25,700). Finally, the labor force participation rate rose to 59.14 percent from 58.58 percent in the previous period.
2021-10-28
Spain Jobless Rate Falls Less than Expected
Spain's unemployment rate declined to 15.26 percent in the second quarter of 2021 from 15.98 percent in the previous three-month period, amid the easing of COVID-19 restrictions but above market expectations of 15.1 percent. Also, the unemployment rate remains well above the 13.78% rate recorded in the fourth quarter of 2019 before the pandemic hit Spain. The number of unemployed people decreased by 110.1 thousand from the previous period to 3.544 million and employment increased by 464.9 thousand to 19.672 million. By sector, unemployment decreased in services (down 306,200), industry (down 43,300), construction (down 35,500) and agriculture (down 21,900). The labor force participation rate rose to 58.58 percent from 57.69 percent in the previous period.
2021-07-29
Spain Jobless Rate Falls to 15.98% in Q1
Spain's unemployment rate declined to 15.98 percent in the first quarter of 2021 from 16.13 percent in the previous three-month period and below market expectations of 16.6 percent. Still, the jobless rate remained above the 14.41 percent recorded in the first quarter of 2020, when the coronavirus pandemic first hit the labor market. The number of unemployed people decreased by 65.8 thousand from the previous period to 3.654 million and employment dropped by 137.5 thousand to 19.207 million. By sector, unemployment decreased in services (down 97,500) due to the economic reopening, but rose in agriculture (up 3,100), industry (up 1,400) and construction (up 1,100). The labor force participation rate dropped to 57.69 percent, from 58.19 percent in the previous period.
2021-04-29

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.