Spain Unemployment Rate 1976-2014 | Data | Chart | Calendar | Forecast

Unemployment Rate in Spain decreased to 23.67 percent in the third quarter of 2014 from 24.47 percent in the second quarter of 2014. Unemployment Rate in Spain averaged 16.27 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).

   
 
 

Spain Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
23.67 24.47 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. Content for - Spain Unemployment Rate - was last refreshed on Saturday, November 1, 2014.


Spanish Unemployment Rate Continues to Fall in Q3


In the third quarter of 2014, Spanish jobless rate edged down to 23.67 percent from 24.47 percent in the previous period. It is the lowest rate since the fourth quarter of 2011 due to strong job creation in the private sector.

In the third quarter of 2014, the number of unemployed persons decreased by 195 200 to 5.4 million. Among regions, Madrid recorded the highest drop (-48 200), followed by Catalonia (-44 000) and Valencia (-26 700).

In the same period, employment rose 0.87 percent over the previous quarter to 17.5 million persons. By region, employment increased the most in Madrid (+ 57 800), Catalonia (+ 44 400) and Illes Balears (+ 30 900 persons).

Private sector employment continues to widen while public employment decreases. In the July to September quarter, there were 154 900 more persons employed in the private sector and 3 900 less in the public. Meanwhile, the services sector added 108 800 new jobs, industry 71 800 and construction 43 500. In contrast, agriculture lost 73 100 jobs. Total active population decreased by 44 200 persons to 22.93 million persons mainly due a fall in foreign labor force.  

Year-on-year, unemployment decreased by 515 700 persons and employment rose 1.59 percent.

Carolina Cunha | carolina.cunha@tradingeconomics.com
10/23/2014 10:30:47 AM


Recent Releases

Spanish Unemployment Rate Down to 2-Year Low
Spanish jobless rate fell to 24.47 percent in the three months to June, from 25.93 percent in the previous period. It is the lowest rate since the second quarter of 2012, due to strong job creation in the services sector. Published on 2014-07-24

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. Published on 2014-04-29


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 24.47% 25.93% 25.2% 25.8%
2014-10-23 08:00 AM Spain
Unemployment Rate
Q3 2014 23.67% 24.47% 24.3% 24.5%


Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.67 24.47 26.94 4.41 Percent [+]
Employed Persons 17504.00 17353.00 20510.60 10949.20 Thousand [+]
Unemployed Persons 4542.18 4575.13 4889.46 468.29 Thousand [+]
Job Vacancies 36.74 24.57 1869.65 24.05 Thousand [+]
Long Term Unemployment Rate 12.90 13.60 13.60 1.50 percent [+]
Youth Unemployment Rate 53.70 54.00 56.40 17.40 Percent [+]
Productivity 106.10 101.70 110.40 69.70 Index Points [+]
Wages 1894.84 1875.23 1894.84 1335.20 EUR [+]
Labour Costs 106.10 101.70 110.40 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 [+]