Spain Unemployment Rate  1976-2017 | Data | Chart | Calendar | Forecast

The unemployment rate in Spain fell to 18.63 percent in the fourth quarter of 2016 from 18.91 percent in the previous period and better than market expectations of 18.7 percent. It was the lowest jobless rate since the third quarter of 2009, as the number of unemployed fell by 1.9 percent to 4.24 million and the number of employed declined slightly by 0.1 percent to 18.51 million. Still, Spain has the second highest unemployment rate in the EU after Greece. Unemployment Rate in Spain averaged 16.54 percent from 1976 until 2016, 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.

Spain Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-28 07:00 AM Q2 20% 21% 20.4% 20.87%
2016-10-27 07:00 AM Q3 18.91% 20% 19.3% 19.5%
2017-01-26 08:00 AM Q4 18.63% 18.91% 18.7% 18.7%
2017-04-27 07:00 AM Q1 18.60% 19.4%
2017-07-27 07:00 AM Q2 19%
2017-10-26 07:00 AM Q3 18.5%




Spain Unemployment Rate Falls To 7-Year Low Of 18.63%


The unemployment rate in Spain fell to 18.63 percent in the fourth quarter of 2016 from 18.91 percent in the previous period and better than market expectations of 18.7 percent. It was the lowest jobless rate since the third quarter of 2009, as the number of unemployed fell by 1.9 percent to 4.24 million. Still, Spain has the second highest unemployment rate in the EU after Greece.

The number of unemployed persons declined 1.9 percent to 4.24 million with the biggest decreases recorded in Comunitat Valenciana (-23.1 thousand persons), Madrid (-18.3 thousand persons) and Asturias (-13.7 thousand persons).

The number of employed persons decreased 0.1 percent to 18.51 million. Employment decreased in both public (-17.8 thousand) and in private sector (-1.6 thousand).  By regions, employment rose the most in Comunitat Valenciana (+32.6 thousand), Madrid (+27.8 thousand) and Castilla-La Mancha (+13.7 thousand)

By sector, jobs were created in agriculture (+72.9 thousand) and industry (+47.8 thousand) while employment fell in services (-112.3 thousand) and construction (-27.8 thousand).

Temporary job contracts decreased by 79.4 thousand while permament contracts rose 60.2 thousand.

The number of detached from the labour force increased 0.9 percent to 15.839 million persons.
A year earlier, the jobless rate was higher at 20.9 percent. 

INE |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
1/26/2017 12:04:47 PM



Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.63 18.91 26.94 4.41 percent [+]
Employed Persons 18508.10 18527.50 20510.60 10949.20 Thousand [+]
Unemployed Persons 3660.94 3702.68 4889.46 468.29 Thousand [+]
Unemployment Change 57.26 -86.85 461.01 -127.25 Thousand [+]
Part Time Employment 2833.00 2697.10 2844.10 572.70 Thousand [+]
Full Time Employment 15675.10 15830.40 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 9.10 9.80 13.60 1.50 percent [+]
Youth Unemployment Rate 42.90 43.50 56.10 17.10 percent [+]
Labour Costs 101.90 97.70 105.70 66.70 Index Points [+]
Productivity 111.40 104.10 112.40 85.70 Index Points [+]
Job Vacancies 42.14 36.96 541.53 19.61 Thousand [+]
Wages 1804.01 1943.01 2026.14 1264.36 EUR/Month [+]
Minimum Wages 825.65 764.40 825.65 485.71 EUR/Month [+]
Population 46.45 46.45 46.82 30.33 Million [+]
Retirement Age Women 65.42 65.33 65.42 65.00 [+]
Retirement Age Men 65.42 65.33 65.42 65.00 [+]
Employment Change 0.80 0.60 1.80 -2.30 percent [+]
Employment Rate 61.05 61.12 67.18 54.91 percent [+]
Wages High Skilled 2110.00 2130.00 2130.00 2000.00 EUR/Month [+]
Wages Low Skilled 876.00 858.00 900.00 816.00 EUR/Month [+]
Labor Force Participation Rate 58.95 59.28 60.55 48.88 percent [+]
Living Wage Family 1048.90 1004.00 1570.00 967.80 EUR/Month [+]
Living Wage Individual 797.00 797.00 904.00 797.00 EUR/Month [+]



Spain Unemployment Rate Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
18.63 18.91 26.94 4.41 1976 - 2016 percent Quarterly



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