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Economic news
02.10.2024

The number of unemployed in Spain increased slightly in September

The latest figures from the Ministry of Employment showed that in September the number of unemployed increased by 0.12% m/m or 3,164 people - the lowest figure for this month since 2007 - to 2,575,285 people, while economists had expected an increase of 25,000. On an annual basis, the number of unemployed decreased by 147,183 people or by 5.41%.

Compared to August, the number of unemployed decreased in the construction (-4,856 or -2.4%), agriculture sector (-1,515 or -1.73%) and in the industry (-1,365 people or -0.67%). Meanwhile, an increase was recorded in services (+4,351 or +0,24%) and in the group with no previous employment (+6,549 or +2,79%).

Unemployment among women increased by 3,080 (the weakest growth for September since 2007) or 0.20%, to 1,553,738, while unemployment among men increased by 84 or 0.01%, to 1,021,547. Unemployment among youth under the age of 25 increased by 15,027 people or 8.48% compared to August.

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