Financial News: Spain Jobless Rate Falls To 9.93%

Spain Jobless Rate Falls To 9.93%

01/27/2026 - 07:37:00 (RTTNews)

(RTTNews) - Spain's unemployment rate dropped below 10 percent for the first time since the global financial crisis in 2008, official data revealed on Tuesday.

The unemployment rate came in at 9.93 percent in the fourth quarter, down from 10.45 percent in the third quarter, the statistical office INE reported. This was the lowest rate since the first quarter of 2008, when the rate was 9.6 percent.

The number of unemployed decreased 136,100 to 2.47 million in the fourth quarter. Compared to the last year, unemployment fell 118,400.

At the same time, employment increased 76,200 sequentially to 22.46 million. From the previous year, employment grew 605,400.

Data showed that the service sector was the primary driver of job creation, with employment growing by 78,300. The agricultural sector also saw an increase of 33,400 jobs, while construction added 2,300 positions. However, the industrial sector experienced a decline of 37,800 jobs.

Private sector employment slid 32,500 to 18.8 million, while public sector employment increased 108,700, to 3.6 million in the fourth quarter.

The unemployment rate among young people aged below 25 years remained stubbornly high in the fourth quarter. Nonetheless, the rate dropped to 23.01 percent from 25.42 percent in the third quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Bank Of Japan Minutes On Tap For Wednesday (31 min(s), 29 sec(s) ago)
(RTTNews) - The Bank of Japan will on Wednesday release the minutes from its monetary policy meeti ...Full Story»

South Korea Consumer Confidence Ebbs In March - BoK (01 hr(s), 06 min(s), 29 sec(s) ago)
(RTTNews) - Consumer confidence in South Korea slowed in March, the latest survey from the Bank of ...Full Story»

Two-Year Note Auction Attracts Below Average Demand (05 hr(s), 23 min(s), 29 sec(s) ago)
(RTTNews) - Kicking off this week's series of announcements of the results of its long-term se ...Full Story»

Turkey Capacity Utilization Lowest Since August 2020; Business Confidence Eases (08 hr(s), 17 min(s), 29 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased for the third straight ...Full Story»

South Africa Leading Index Rises In January (09 hr(s), 02 min(s), 29 sec(s) ago)
(RTTNews) - South Africa's composite leading index improved somewhat in January after easing i ...Full Story»

Iceland Producer Price Inflation Rises To 5.5% (09 hr(s), 27 min(s), 29 sec(s) ago)
(RTTNews) - Iceland's industrial producer price inflation increased in February after easing i ...Full Story»

UK Private Sector Logs Slower Growth (09 hr(s), 28 min(s), 29 sec(s) ago)
(RTTNews) - The UK private sector registered a marked slowdown in business activity growth in Marc ...Full Story»

U.S. Labor Productivity Jumps Much Less Than Previously Estimated In Q4 (09 hr(s), 52 min(s), 29 sec(s) ago)
(RTTNews) - Revised data released by the Labor Department on Tuesday showed labor productivity in ...Full Story»