Spain’s unemployment rate rose to 10.18% in Q3 2026, up from 9.87% in Q2 and above market expectations of 9.9%. The number of unemployed people increased by 95,900, or 3.8%, from the previous quarter, marking the largest rise for a third quarter since Q3 2020. Nevertheless, the unemployment rate was the lowest recorded for a third quarter since 2007. The number of unemployed people reached 2.591 million. Meanwhile, employment increased by 73,600, or 0.3%, marking the weakest gain for a third quarter since 2019. Despite the modest growth, total employment reached a record high of 22.852 million. The number of employed foreign nationals rose by 75,400, or 2%, while employment among Spanish nationals declined by 1,800. By sector, public employment increased by 89,900, while private-sector employment fell by 16,300. The labour force expanded by 169,500 to a record 25.443 million, pushing the participation rate up to 59.5%. source: National Statistics Institute (INE)
Unemployment Rate in Spain increased to 10.18 percent in the third quarter of 2026 from 9.87 percent in the second quarter of 2026. Unemployment Rate in Spain averaged 15.95 percent from 1976 until 2026, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.
Unemployment Rate in Spain increased to 10.18 percent in the third quarter of 2026 from 9.87 percent in the second quarter of 2026. Unemployment Rate in Spain is expected to be 9.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Rate is projected to trend around 9.70 percent in 2027 and 9.20 percent in 2028, according to our econometric models.