Unemployment rate in Spain rises to 11.4% in largest increase since 2013

THE first quarter of 2025 exhibits dangerous figures for the Spanish labour market, in line with the Labour Pressure Survey (EPA).

Unemployment is rising quickly, it goes from 2.56 million unemployed on the finish of 2024 to 2.79 million within the first quarter of 2025. 

That’s a rise of 193,700 unemployed, the largest soar presently of 12 months since 2013, on the top of the Nice Recession.

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This acceleration implies that the unemployment fee goes from 10.61% to 11.36%, which is a rise of just about 0.8%. 

First quarters of yearly are normally dangerous for the Spanish labour market, as a result of seasonal issue of the economic system. 

Vacationer numbers have an amazing affect on the numbers, Easter normally boosts the figures for the second quarter, wherein there are additionally hires for the summer time, the third consists of the summer time months, and the fourth quarter has the increase of Christmas.

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Though the distinction with respect to the earlier quarter is gloomy, the interpretation improves in year-on-year phrases. 

A 12 months in the past the unemployment fee was 12.3%, virtually one level increased than now. 

At the moment, Spain reported 2.98 million unemployed, virtually 200,000 greater than within the first quarter of 2025. 

The variety of staff additionally improved in comparison with 12 months earlier, with a soar of 515,400 employed.