Spain Unemployment Rate

Last Release

Sep 30, 2024

Actual

11.21

Units In

11.27

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
26.94 Mar 2013	4.41 Sep 1976	16.18 %	1976-2024	National Statistics Institute (INE)

In Spain, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

Spain's unemployment rate fell to 11.21% in the third quarter of 2024, the lowest since Q2 2008 and mostly in line with market expectations. The number of unemployed people decreased by 1.2 thousand from the previous three-month period to 2.754,1 million, while the number of employed individuals went up by 138.3 thousand to 21.823 million. Furthermore, the labor force participation rate increased to 59.04% during the third quarter from 58.9% in the previous period.