The number of people registered as unemployed in Spain decreased by 34.579 thousand from a month earlier to 3.164 in December 2019, the lowest level for a December month since 2008. By sector, unemployment declined in services (-41.687 thousand) and agriculture (-6.640 thousand), but it went up in industry (+6.350 thousand) and construction (18.282 thousand). By regions, main decreases were seen in Andalucía (-16.681 thousand), Madrid (-3.799 thousand), Comunidad Valenciana (-2.943 thousand) while rises were reported mostly in Navarra (782 thousand) and La Rioja (454 thousand). Unemployment went down by 18.892 thousand for people under 25 years and by 15.687 thousand for those aged more than 25.
Unemployment Change in Spain averaged 4.26 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. This page provides the latest reported value for - Spain Unemployment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Ministerio de Empleo y Seguridad Social
Unemployment Change in Spain is expected to be -29.00 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 -32.10 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.