Unemployment in Spain
Spain - Unemployment
Unemployment rate edges up in the first quarter
The jobless rate edged up to 14.7% in the first quarter of 2019 from 14.5% in the final quarter of 2018, which had marked the lowest reading in a decade. The climb, however, largely reflected a seasonal effect as unemployment tends to increase at the outset of the year due to layoffs of temporary staff across the services industry following the winter holiday season. In absolute terms, the number of unemployed stood at 3.35 million, slightly above the 3.30 million jobless recorded in Q4 2018.
Employment losses were centered in the services sector, which shed 119,200 jobs in the first quarter owing to the end of the Christmas season. In contrast, the agricultural sector added 14,110 jobs while the industrial and construction sectors did not experience a significant variation in employment. Temporary jobs were down 185,800 in Q1, contrasting the 89,900 permanent positions created. Meanwhile, the total workforce declined marginally by 43,500 in Q1 to a total of 22.8 million.
Met the why particular Consensus Forecast participants expect unemployment to average 13.9% this year, which is unchanged from last month’s projection. For 2020, the panel foresees an unemployment rate of 13.0%.
Spain - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Spain Unemployment Chart
Source: National Statistical Institute (INE).
|Bond Yield||0.57||5.62 %||Jun 12|
|Exchange Rate||1.13||0.65 %||Jun 13|
|Stock Market||9,247||-0.74 %||Jun 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 5, 2019
Largely reflecting slower activity growth in the manufacturing sector, the IHS Markit composite Purchasing Managers’ Index (PMI) declined to a five-and-a-half-year low of 52.1 in May from 52.9 in April.
June 5, 2019
Industrial production rose 1.7% year-on-year in seasonally- and calendar-adjusted terms in April, rebounding from March’s revised 3.0% contraction (previously reported: -3.1% year-on-year).
May 31, 2019
Spain’s current account balance recorded a tiny surplus of EUR 26 million in March, smaller than the EUR 389 million surplus recorded in March 2018 but much greater than the EUR 2.8 billion deficit logged in February.
May 30, 2019
Retail sales rose 2.0% in year-on-year terms in April, marking a six-month high and following the soft 0.2% upturn logged in March.
May 30, 2019
The Spanish Board of Architects approved 9,115 new construction permits in March, according to data published by the Ministry of Public Works.