Spain: Unemployment Falls By 42,409 In June

employment office inside

The number of unemployed registered in the offices of the public employment services (formerly Inem) fell by 42,409 in June (-1.4%). This brings the total number of unemployed below 2.9 million for the first time since autumn 2008. Specifically, June closed with 2,880,582 unemployed, its lowest figure since October 2008, at the beginning of the financial crisis, according to data published Monday by the Ministry of Labour and Social Economy.

Despite this, the fall in unemployment in June was almost four times lower than in the same month of 2021, when it fell by 166,911 unemployed, its largest fall in any month in the entire historical series.

With the exception of June 2020, when Covid caused a spike in unemployment of 5,107 people, this year’s June figure is the worst since 2008, when it rose by almost 37,000. In seasonally adjusted terms, registered unemployment rose in June by 3,720 people.

In the last year, unemployment accumulated a decrease of 733,757 unemployed, which is 20.3% less, with a decline in female unemployment of 334,962 women (-22.4%) and a fall in male unemployment of 398,795 men (-18.8%).

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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.