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Spain's jobless rate reaches 10.2% as workforce hits record

Spain's jobless rate reaches 10.2% as workforce hits record RUSSPAIN.com © russpain.com
Spain's jobless rate reaches 10.2% as workforce hits record © russpain.com
Spain's unemployment rate rose three tenths of a percentage point to 10.2% in July to September, even as employment reached 22.85 million. The labour force hit 25.4 million, while unemployment fell by 21,900 over the year.

Spain’s Instituto Nacional de Estadística (INE) reported on 27 October that unemployment rose by 95,900 in the third quarter, taking the total to 2,591,200. The rate climbed from 9.87% to 10.18%, while employment increased by 73,600, or 0.3%, to a record 22,852,600 people.

The labour force grew by 169,500 over the quarter to a record 25,443,800, information from the Encuesta de Población Activa (EPA) published by the INE. It includes people in work and those without work who are available and seeking a job. The activity rate rose by 0.2 percentage points to 59.5%. Unemployment rose more than employment because the active population expanded faster than the number of jobs.

At 10.18%, the jobless rate was the lowest for a July-to-September quarter since 2007, though it rose from 9.87% in the previous quarter. The increase in unemployment was the largest for a third quarter since 2020; the employment gain was the weakest for that quarter since 2019.

Over the year, the number of unemployed fell by 21,900, while the labour force grew by 443,500. Employment reached a record 22.85 million, although its quarterly increase was the smallest in a third quarter since 2019. Coverage of the INE release attributed the quarterly employment increase exclusively to the foreign population.

The EPA measures participation in the labour market; a separate report on family carers’ health examined another work-related issue: the physical and mental effects of care work.

Richard Reid RUSSPAIN.com
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Richard Reid

Richard Reid is the News Editor at RUSSPAIN.COM. He oversees editorial standards, source review and corrections and writes across general news, including politics, economics and social affairs.