Spain Unemployment Rate  1976-2016 | Data | Chart | Calendar | Forecast

The unemployment rate in Spain declined to 18.91 percent in the third quarter of 2016, better than market expectations of 19.3 percent. It is the first time since the last quarter of 2009 the jobless rate fell below 20 percent as employment increased in the service sector boosted by record tourist arrivals in the summer months. In spite of the drop, Spain still has the second highest unemployment rate in the European Union after Greece. Unemployment Rate in Spain averaged 16.53 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)
2016-04-28 07:00 AM Q1 21% 20.9% 20.75% 20.5%
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%
2017-01-27 08:00 AM Q4
2017-04-28 07:00 AM Q1
2017-07-28 07:00 AM Q2




Spain Unemployment Rate at Near 7-Year Low of 18.91%


The unemployment rate in Spain declined to 18.91 percent in the third quarter of 2016 from 20 percent in the previous three months. Figures came better than market expectations of 19.3 percent, reaching the lowest since the last quarter of 2009 when unemployment was recorded at 18.66 percent. Yet, tourist arrivals hit a record high during the Summer season this year, boosting job hiring mainly in the services sector. However, Spain still has second highest unemployment rate in the European Union after Greece.

The number of unemployed persons decreased 5.55 percent to 4.32 million. Biggest decreases were recorded in Cataluña (-51.1 thousand), Madrid (-41.8 thousand) and Comunitat Valenciana (-29.2 thousand). 

The number of employed persons rose 1.24 percent to 18.52 million. Employment increased in both public (+8.9 thousand) and private (+217.7 thousand) sectors, mainly for those with a temporary job contract (+245.9 thousand) while it fell for those with a permanent contract (-29.1 thousand). Among sector, biggest job gains occured in services (+178.7 thousand), industry (+34.2 thousand) and construction (+29.9 thousand) while agriculture shed 16.3 thousand jobs. Among regions, employment rose the most in Cataluña (+42.7 thousand) but fell in Murcia (-5.6 thousand). 

The number of people detached from the labour force increased 0.42 percent to 15.695 million. 

A year earlier, the jobless rate was higher at 21.18 percent. 

INE | Joana Taborda | joana.taborda@tradingeconomics.com
10/27/2016 7:40:12 AM



Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.91 20.00 26.94 4.41 percent [+]
Employed Persons 18527.50 18301.00 20510.60 10949.20 Thousand [+]
Unemployed Persons 3737.38 3785.39 4889.46 468.29 Thousand [+]
Unemployment Change 24.84 44.68 461.01 -127.25 Thousand [+]
Part Time Employment 2697.10 2801.10 2844.10 572.70 Thousand [+]
Full Time Employment 15830.40 15499.90 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 9.80 10.20 13.60 1.50 percent [+]
Youth Unemployment Rate 42.60 43.10 55.90 17.40 percent [+]
Labour Costs 101.90 97.70 105.70 66.70 Index Points [+]
Productivity 104.10 102.30 112.40 85.70 Index Points [+]
Job Vacancies 41.04 39.48 541.53 19.61 Thousand [+]
Wages 1943.01 1832.26 2026.14 1264.36 EUR/Month [+]
Minimum Wages 764.40 764.40 764.40 485.71 EUR/Month [+]
Population 46.45 46.51 46.82 30.33 Million [+]
Retirement Age Women 65.25 65.15 65.25 65.00 [+]
Retirement Age Men 65.25 65.15 65.25 65.00 [+]
Employment Change 0.50 0.80 1.80 -2.30 percent [+]
Employment Rate 61.12 60.32 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 59.28 59.41 60.55 48.88 percent [+]
Living Wage Family 1540.00 1570.00 1800.00 1540.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
18.91 20.00 26.94 4.41 1976 - 2016 percent Quarterly



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