Latest reading: The seasonally adjusted unemployment rate was unchanged at 4.1% in May for the fifth month running and in...
Unemployment in Spain
The unemployment rate in Spain averaged 24.4% in the decade to 2024, same level as the % average for . The unemployment rate in Spain was 11.3% in 2024. For more information on unemployment, visit our dedicated page
Spain Unemployment Chart
Note: This chart displays Unemployment Rate for Spain from 2024 to 2017.
Source: Macrobond.
Spain Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 15.5 | 14.9 | 13.0 | 12.2 | 11.3 |
Unemployment rate increases in Q1
Latest reading: The unemployment rate rose to 11.4% in Q1 from 10.6% in Q4. Q1’s print surprised market expectations on the upside and marked the highest reading since Q1 2024. The number of employed people fell by 92,500 relative to Q4, with job losses recorded in the construction, industrial and services sectors. That said, employment in the agricultural sector increased. Meanwhile, the number of unemployed rose by 193,700 people from Q4, though the number of people in the labor force increased by 101,200 to a total of 24.6 million.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish unemployment projections for the next ten years from a panel of 29 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Spanish unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish unemployment projections.
Want to get access to the full dataset of Spanish unemployment forecasts? Send an email to info@focus-economics.com.
Latest Global Unemployment News
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Australia: Unemployment rate unchanged for fifth consecutive month as expected in May -
United States: Job gains beat expectations in May Latest reading: Total non-farm payrolls grew by 139,000 in May, below the downwardly revised 147,000 gain in April but above... -
Euro Area: Unemployment rate falls in April Latest reading: In April, the seasonally adjusted unemployment rate fell to 6.2% from March’s upwardly revised 6.3%. The figure matched... -
Greece: Unemployment rate declines in April Latest reading: April’s data sent positive signals regarding the health of the labor market. The seasonally adjusted unemployment rate fell... -
Australia: Unemployment rate unchanged as expected in April Latest reading: The seasonally adjusted unemployment rate was unchanged at March’s 4.1% in April and in line with market estimates.... -
United States: Job gains beat expectations in April Latest reading: Total non-farm payrolls grew by 177,000 in April, below the downwardly revised 185,000 gain in March but above... -
Euro Area: Unemployment rate stable in March Latest reading: In March, the seasonally adjusted unemployment rate was unchanged at February’s upwardly revised 6.2%. As for the Eurozone’s...