Unemployment rate · Spain
Spain Unemployment Rate
The Spain Unemployment Rate measures the share of the labour force in Spain, people working or actively looking for work, who have no job but want one.
- Importancia
- Medium
- Publicado
- Quarterly
- Divisa
- EUR · euro
- Banco central
- The European Central Bank (with the Banco de España)
Últimas cifras
El último dato, de Q3, se publicó el 2026-10-27 y fue 10.18%. Está por encima del consenso de 9.9%. Es más que 9.87% la vez anterior.
A higher unemployment rate than expected points to a weakening labour market: the euro tends to soften as markets price in lower rates.
En las últimas 7 publicaciones osciló entre 9.93% y 11.36%, con una media de 10.52%.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 27 Oct 2026 | Q3 | 10.18% | 9.9% | 9.87% |
| 28 Apr 2026 | Q1 | 10.83% | 9.8% | 9.93% |
| 27 Jan 2026 | Q4 | 9.93% | 10.6% | 10.45% |
| 24 Oct 2025 | Q3 | 10.45% | 10.2% | 10.29% |
| 24 Jul 2025 | Q2 | 10.29% | 10.70% | 11.36% |
| 28 Apr 2025 | Q1 | 11.36% | 10.7% | 10.61% |
| 28 Jan 2025 | Q4 | 10.61% | 11.1% | 11.21% |
Por qué importa
Full employment is part of most central banks' mandate. A falling unemployment rate means a tighter labour market, faster wage growth and more inflation pressure, which can keep the European Central Bank (with the Banco de España) hawkish; a rising rate is one of the clearest recession signals (the US "Sahm rule" flags a 0.5-point rise in the three-month average).
Cómo se calcula
the National Statistics Institute (INE) usually runs a household survey: people are counted as unemployed if they had no work, were available and looked for a job recently. The rate is unemployed ÷ (employed + unemployed). Registered jobless and claimant counts instead count people signed on for benefits. Participation is the labour force ÷ working-age population.
Unemployment rate = unemployed ÷ labour force × 100
Labour force = employed + unemployedQué significan los cambios
- A lower rate than expected usually supports the euro.
- Check participation: unemployment can fall because people stop looking, which is not good news.
- Broader measures (US U-6) include part-timers who want more hours.
Mayor de lo esperado: A higher unemployment rate than expected points to a weakening labour market: the euro tends to soften as markets price in lower rates.
Menor de lo esperado: A lower unemployment rate than expected signals a tight labour market: it tends to support the euro and push bond yields up.
Una breve historia
Systematic unemployment statistics began in the 1930s Depression; the International Labour Organization's definition, adopted in 1982, is used by most countries today.
Preguntas
What is the Spain Unemployment Rate?
The Spain Unemployment Rate measures the share of the labour force in Spain, people working or actively looking for work, who have no job but want one.
What was the latest Spain Unemployment Rate?
10.18% for Q3, published on 27 October 2026 (consensus 9.9%, previous 9.87%).
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.