The number of people registered as unemployed in Spain increased by 83,464 from a month earlier, or 2.61 percent, to 3.29 million in January of 2019 as employers shed workers hired for the Christmas season. By sector, unemployed went up in services (+85,584), agriculture (+4,920) and industry (+1,202) while fell in construction (-6,896). Registered unemployment rose in the 17 autonomous communities, mostly in Andalucia (+19,996), Madrid (+11,308) and Comunidad Valenciana (+9,369). Also, unemployment increased by 10,252 for people below 25 years old and for those aged more than 25, jobless went up by 73,212. Unemployment Change in Spain averaged 4.50 Thousand from 1960 until 2019, reaching an all time high of 461.01 Thousand in January of 2001 and a record low of -129.30 Thousand in April of 2017.
Unemployment Change in Spain is expected to be -38.60 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Change in Spain to stand at -45.50 in 12 months time. In the long-term, the Spain Unemployment Change is projected to trend around -32.10 Thousand in 2020, according to our econometric models.