The number of people registered as unemployed in Spain went down by 4,253 from a month earlier, or 0.14 percent, to 3.011 million in July 2019, the lowest level since November 2008. It compares with market expectations of a 21,400 decline. The number of unemployed fell in industry (-3,528) and among those without previous employment (-5,599) while rose in agriculture (1,646), construction (1,697) and services (1,531). Among regions, decreases were seen in 8 autonomous regions, mainly in Andalusia (-5,100), Galicia (-4,328) and Asturias (-2,160). By genders, unemployment fell by 1,569 to 1.22 million for men and by 2,684 to 1.79 million for women. Meantime, it shrank by 4,714 for people under 25 years old but rose by 461 for those aged more than 25. Year-on-year, registered unemployment fell by 123,588, or 3.94 percent. Unemployment Change in Spain averaged 4.08 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 32.00 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 -82.00 in 12 months time. In the long-term, the Spain Unemployment Change is projected to trend around -36.00 Thousand in 2020, according to our econometric models.