The number of people registered as unemployed in Spain dropped by 734 from a month earlier to 3.26 million in October 2021, the first time that unemployment has fallen in that month since 1975. It was also the eighth consecutive period of decline in the jobless level, as demand for labor continues to recover from record decreases seen last year triggered by the Covid-19 crisis. By sector, unemployment fell in services (-4,683 people), construction (-4,523) and industry (-847), while it was up in agriculture (+7,577). By region, the biggest declines were reported in Madrid (-9,851), the Canary Islands (-5,242), Castilla y León (-2,774) and the Valencian Community (-2,542). source: Ministerio de Empleo y Seguridad Social
Unemployment Change in Spain averaged 4.26 Thousand from 1960 until 2021, reaching an all time high of 461 Thousand in January of 2001 and a record low of -197.84 Thousand in July of 2021. This page provides the latest reported value for - Spain Unemployment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Unemployment Change - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Unemployment Change in Spain is expected to be -36.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Change is projected to trend around -20.00 Thousand in 2022 and -14.00 Thousand in 2023, according to our econometric models.