Spain unemployment sees biggest Q2 fall since 2008


The total number of jobless stood at 5.149 million and the unemployment rate fell by 1.4 percentage points, to 22.37%, its lowest level since the third quarter of 2011.

In the past year, unemployment has declined by 8.4%, with 473,900 less unemployed people in Spain. In seasonally adjusted terms, unemployment fell 2.54% in the second quarter from the first.

Between April and June 411,800 jobs were created (+ 2.3%), the largest quarterly increase since Q2 2005. Year-on-year, the number of unemployed fell by 513,500 people, or 2.96%, in the second quarter, representing the fifth consecutive quarter of positive data in a row.

Jobless youth

The number of unemployed people under 25 fell by 14,900 in the second quarter, 1.9% less than in the previous quarter. The total number of unemployed young people was 767,200 at the end of June, according to official data.

About the Author

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.

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