Spain Unemployment Rate

Unemployment Rate in Spain increased to 25.93 percent in the first quarter of 2014 from 25.73 percent in the fourth quarter of 2013. Unemployment Rate in Spain averaged 16.23 Percent from 1976 until 2014, 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 reported by the National Statistics Institute (INE).

   
 
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Spain Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
25.93 25.73 26.94 4.41 1976 - 2014 Percent Quarterly
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 - Spain Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Spanish Unemployment Rate Rises Slightly in Q1


Spain’s jobless rate increased to 25.93 percent in the first three months of 2014, up from a revised 25.73 percent in the previous quarter. The workforce dropped by 187,000 people to 22.884 million and employment also fell.

The first three months of the year are traditionally bad months for job creation in Spain. In 2014, the seasonal hiring during the Easter week fell in April, while in 2013 it fell in March.  

The number of unemployed people decreased slightly by 2,300 (-0.04 percent) over the previous quarter to 5.93 million. On a yearly basis, unemployment fell by 344,900 people, recording the highest annual decrease since the third quarter of 2005.

Andalucía (-59,200 people), Canarias (-9,300 people) and Madrid (-8,600) recorded the highest drop in unemployment, while Illes Balears (+18,800) and Galicia (+16.100) showed the biggest increases.  

Employment fell by 184,600 people (-1.08 percent qoq) to 16.95 million. Employment in the private sector shrank by 195,000 people, while public employment gained 11,100 jobs. Among those that have jobs, 16 percent are employed part-time and 23 percent on a temporary contract.

Employment rose in agriculture (+31,800 people), but fell in services (-126,000), construction (-48,200) and industry (-42,200). 

Among regions, employment rose the most in Andalucía (+ 41,700), but recorded the highest decreases in Comunitat Valenciana (-40,900), Cataluña (–38,100) and Illes Balears (–36,300).

Joana Taborda | joana.taborda@tradingeconomics.com
4/29/2014 9:51:38 AM


Recent Releases

Spanish Unemployment Rate at 26% in Q4 2013
In the fourth quarter of 2013, Spanish unemployment rate rose slightly to 26.03 percent from 25.98 percent in the previous three-month period, confirming Spain as the country with the second largest jobless rate in the EU. However, the number of unemployed persons recorded the highest decrease in five years. Published on 2014-01-23

Spain’s Unemployment Rate Continues to Fall in Q3
In the third quarter of 2013, Spanish jobless rate dropped for the second consecutive quarter to 25.98 percent, from 26.3 in the previous period, but it is up on an annual basis, from 25.02 percent in the third quarter of 2012. Published on 2013-10-24


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-25 08:00 AM Spain
Unemployment Rate
Q2 2013 26.26% 27.16% 27.20% 28.39%
2013-10-24 08:00 AM Spain
Unemployment Rate
Q3 2013 25.98% 26.26% 26.10% 26.5%
2014-01-23 08:00 AM Spain
Unemployment Rate
Q4 2013 26.03% 25.98% 26.0% 26.1%
2014-04-29 08:00 AM Spain
Unemployment Rate
Q1 2014 25.93% 25.73% (R) 25.85% 26.1%
2014-07-24 08:00 AM Spain
Unemployment Rate
Q2 2014 25.93% 25.2% 25.8%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 25.93 25.73 26.94 4.41 Percent [+]
Employed Persons 16950.60 17135.20 20510.60 10949.20 Thousand [+]
Unemployed Persons 4553.99 4569.94 4889.46 468.29 Thousand [+]
Job Vacancies 35.30 41.58 1869.65 24.05 Thousand [+]
Long Term Unemployment Rate 13.60 13.40 13.60 1.50 percent [+]
Youth Unemployment Rate 54.00 53.70 56.40 17.40 Percent [+]
Productivity 101.70 109.10 110.40 69.70 Index Points [+]
Wages 92.47 93.18 118.67 43.90 Index Points [+]
Labour Costs 101.70 109.10 110.40 69.70 Index Points [+]
Population 46.73 46.82 46.82 30.46 Million [+]
Retirement Age Women 65.13 65.00 65.13 65.00 [+]
Retirement Age Men 65.13 65.00 65.13 65.00 [+]
Minimum Wages 752.90 752.90 752.90 485.70 EUR [+]





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