The number of people registered as unemployed in Spain fell by 99,512 from a month earlier to 2.92 million in May of 2022, dropping below three million for the first time since early in the 2008/2009 global financial crisis. It was also the lowest level for more than 13 years, helped by the start of Spain's tourism season. The unemployment decreased in all regions and all sectors, led by services (-64,230), construction (-10,008), agriculture (-8,693) and industry (-7,968). The number of unemployed under 25 years fell to 199,920, the lowest figure in the historical series. Compared to May of 2021, unemployment has decreased by 858,259 people. source: Ministerio de Empleo y Seguridad Social
Unemployment Change in Spain averaged 3.91 Thousand from 1960 until 2022, 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 July of 2022.
Unemployment Change in Spain is expected to be -60.00 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 -14.00 Thousand in 2023, according to our econometric models.