Spain Unemployment Rate

Unemployment Rate in Spain increased to 26.03 percent in the fourth quarter of 2013 from 25.98 percent in the third quarter of 2013. Unemployment Rate in Spain is reported by the National Statistics Institute (INE). From 1987 until 2013, Spain Unemployment Rate averaged 17.0 Percent reaching an all time high of 27.2 Percent in March of 2013 and a record low of 8.0 Percent in June of 2007. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
26.03 25.98 27.20 7.95 26.10 | 2014/03 1987 - 2013 Percent Quarterly


Spain Unemployment Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-04-25 08:00 AM Spain
Unemployment Rate
Q1 2013 27.2% 26.02% 26.50%
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 26.03% 26.1%
2014-07-24 08:00 AM Spain
Unemployment Rate
Q2 2014 25.8%

Labour Last Previous Highest Lowest Forecast Unit
Population 46.20 2012-12-31 46.15 46.20 30.46 46.25 2013-12-31 Million [+]
Employed Persons 16758.20 2013-11-15 16823.20 20510.60 10949.20 16625.86 2014-03-31 Thousand [+]
Job Vacancies 36.85 2014-03-15 30.28 1869.65 24.05 175.49 2014-04-30 Thousand [+]
Labour Costs 109.10 2013-11-15 101.20 110.40 69.70 107.43 2014-03-31 Index Points [+]
Long Term Unemployment Rate 13.10 2013-09-30 13.00 13.10 1.50 14.13 2013-12-31 percent [+]
Productivity 109.10 2013-11-15 101.20 110.40 69.70 106.91 2014-03-31 Index Points [+]
Retirement Age Men 65.13 2013-01-01 65.00 65.13 65.00 65.14 2013-12-31 [+]
Retirement Age Women 65.13 2013-01-01 65.00 65.13 65.00 65.14 2013-12-31 [+]
Unemployed Persons 4644.95 2014-03-15 4661.86 4889.46 468.29 4616.64 2014-04-30 Thousand [+]
Wages 91.40 2014-02-15 90.96 118.67 43.90 91.54 2014-03-31 Index Points [+]
Youth Unemployment Rate 53.60 2014-02-15 54.20 57.40 17.40 54.74 2014-03-31 Percent [+]
Unemployment Rate 26.03 2013-12-31 25.98 27.20 7.95 26.10 2014-03-31 Percent [+]
Minimum Wages 752.90 2013-12-31 752.90 752.90 485.70 752.71 2014-01-31 EUR [+]

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.

In the fourth quarter of 2013, employment fell 0.39 percent, the lowest drop in five years. Employment rose in agriculture (+ 85 200 persons) while declined in services (- 109 100 persons), construction (-35 200 persons) and industry (-6000 persons). 

Unemployment decreased by 8400 to 5 896 300 persons, the highest decrease since the fourth quarter of 2008. Compared with the same period last year, unemployment dropped by 69 000 persons.

Among regions, employment rose in Cataluña (+ 25 400), Canarias (+ 22 000) Comunitat Valenciana (+ 20 000) and decreased in Illes Balears (-61 900), Castilla y León (- 25 500) and Galicia (- 18 900).  

Joana Taborda |
1/23/2014 10:12:38 AM


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

Spanish Unemployment Falls for the First Time in Two Years in Q2
In the second quarter of 2013, Spain's jobless rate edged down to 26.3 percent from 27.2 percent in Q1 but it is up on an annual basis, from 24.6 percent in Q2 of 2012. Employment increased mainly in the private sector remaining virtually unchanged in the public sector. Published on 2013-07-25

Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Spanish Inflation Rate Falls Less Than Expected  
Spanish consumer prices fell by an annual 0.1 percent in March of 2014, less than a preliminary estimate of a 0.2 percent drop and compared to a flat reading in February.
Spanish Inflation Rate Falls to 4-1/2-Year Low  
Spanish consumer prices fell 0.2 percent on the year in March of 2014, according to preliminary estimates. It is the lowest rate since October of 2009.
Spanish Trade Deficit Narrows in January over a Year Earlier  
In January of 2014, Spanish trade gap decreased 19.5 percent over a year earlier to € 2.81 billion. In contrast, the trade deficit widened 54 percent over December, as imports surged, signaling a recovery in domestic demand.
Spain Inflation Rate Down to 4-Month Low  
Spanish consumer prices stayed flat year-on-year in February of 2014, compared to a rise of 0.2 percent a month earlier and a preliminary estimate of a 0.1 percent fall.
Spanish Inflation Rate in Negative Territory  
In February of 2014, Spanish annual inflation rate is expected to fall 0.1 percent, preliminary data from the National Statistics Institute showed. It is the first time since October last year prices have fallen.
Spanish Q4 GDP Growth Revised Down  
In the last three months of 2013, the Spanish economy expanded 0.2 percent over the previous period, down from a 0.3 percent growth initially estimated. Still, Q4 economic growth was slightly faster than the 0.1 percent expansion recorded in the third quarter.
Spanish Trade Deficit Narrows 48.1% in 2013  
In 2013, Spanish trade deficit narrowed to € 15.96 billion, as exports hit a new record for the third straight year and imports fell. In 2012, the trade deficit was recorded at € 32 billion.
Spanish Inflation Slowdown Confirmed in January  
In the first month of 2014, Spain’s annual inflation rate slowed to 0.2 percent, one tenth lower than the rate registered in the previous month. This is the lowest rate for the month of January since the series started in 1961.
Spanish Inflation Rate Slows in January  
In January of 2014, Spanish national CPI eased to 0.2 percent, down from 0.3 percent in the last month of 2013, remaining well below European Central Bank target.


Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.

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