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Number of unemployed in Spain falls by 4,846 in September; unemployment at 2.42 million

TOPICS:
oficina empleo

Posted By: The Corner 2nd October 2025

Bankinter | The number of unemployed people fell by 4,846 in September, from +21,905 in August. Unemployment now stands at 2.42 million people (down 0.2% month-on-month and 5.97% year-on-year).

Bankinter team’s view: The number of unemployed fell slightly in September, resuming the decline seen since February, with the only increase occurring in August. The unemployment rate according to the Active Population Survey (EPA) in Q2 2025 stood at 10.29%.

Our estimates point to an unemployment rate (EPA) of 10.2% by the end of the year and 10.1% in 2026.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.