The number of people registering as jobless in Spain fell by 10,830, or 0.4%, over a month, bringing the total to 2.55 million in July 2024 with this drop for the sixth consecutive month. Analysts had predicted a 17,400 decline. Unemployment has decreased or remained practically unchanged in all sectors compared to June. In the services sector, unemployment fell by 6,591 individuals (-0.4%), while in agriculture, it saw a reduction of 1,534 individuals (-1.7%). The industry sector experienced a decline of 289 unemployed persons (-0.1%), but the construction sector saw an increase of 508 unemployed individuals (+0.3%). Additionally, the number of unemployed in the group without previous employment fell by 2,924 individuals (-1.2%). Unemployment among young people under 25 years of age fell by 210 people (-0.1%) in July compared to the prior month. Meanwhile, a separate report from the Social Security Ministry showed that Spain added 1,335 net formal jobs in June to 21.2 million jobs. source: Ministerio de Empleo y Seguridad Social
Unemployment Change in Spain increased to -10.80 Thousand in July from -46.80 Thousand in June of 2024. Unemployment Change in Spain averaged 3.16 Thousand from 1960 until 2024, reaching an all time high of 461.00 Thousand in January of 2001 and a record low of -197.84 Thousand in July of 2021. This page provides the latest reported value for - Spain Unemployment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Unemployment Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2024.
Unemployment Change in Spain increased to -10.80 Thousand in July from -46.80 Thousand in June of 2024. Unemployment Change in Spain is expected to be 10.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Unemployment Change is projected to trend around -28.00 Thousand in 2025 and -34.00 Thousand in 2026, according to our econometric models.