The number of people registered as unemployed in Spain fell by 33.96 thousand from a month earlier, or 1.03 percent, to 3.255 million in March 2019 and compared with market expectations of a 33.3 thousand decline. By sector, unemployed dropped in industry (-4,000); construction (-4,555); and services (-32,401) but rose in agriculture (1,722). By regions, main decreases were recorded in Andalucía (-8,040), Comunidad Valenciana (-5,200) and Illes Balears (-3,364) while gains were seen in La Rioja (119). Unemployment went down by 1,661 for those below 25 years old and for those aged more than 25, jobless decreased by 32,295. Unemployment Change in Spain averaged 4.44 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 -88.60 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.