Latest reading: The unemployment rate fell to 10.3% in Q2 from 11.4% in Q1. Q2’s print surprised markets on the...
Unemployment in Spain
The unemployment rate in Spain averaged 16.3% in the decade to 2024, below the 8.5% average for Euro Area. 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 declines in Q2
Latest reading: The unemployment rate fell to 10.3% in Q2 from 11.4% in Q1. Q2’s print surprised markets on the downside and marked the lowest reading since Q1 2008. The number of employed people rose by 503,300 relative to Q1, bringing the overall figure to an all-time high of 22.3 million, thanks to job gains in the agricultural, construction, industrial and services sectors. Additionally, the number of unemployed fell by 236,100 people from Q1, and the number of people in the labor force increased by 267,200 to a total of 24.8 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 28 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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Spain: Unemployment rate declines in Q2 -
Australia: Labor market softens in June Latest reading: The seasonally adjusted unemployment rate rose to 4.3% in June from 4.1% in May, above market estimates. The... -
United States: Job gains beat expectations in June Latest reading: US nonfarm payrolls increased by 147,000 in June 2025, up from a revised 144,000 in May and exceeding... -
Greece: Unemployment rate falls in May Latest reading: May’s data sent positive signals regarding the health of the labor market. The seasonally adjusted unemployment rate fell... -
Euro Area: Unemployment rate rises in May Latest reading: In May, the seasonally adjusted unemployment rate rose to 6.3% from April’s record-low of 6.2%. As for the... -
Australia: Unemployment rate unchanged for fifth consecutive month as expected in May Latest reading: The seasonally adjusted unemployment rate was unchanged at 4.1% in May for the fifth month running and in... -
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...