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

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Spain Unemployment Rate
LIST BY COUNTRY


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%
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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 | joana.taborda@tradingeconomics.com
1/23/2014 10:12:38 AM

RECENT RELEASES

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.


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