US EditionSpain unemployment drops below 10% in first since 2008
Spain's unemployment rate dropped to 9.93% in Q4 2025, driven by strong tourism and economic growth, with a government goal of 8% by 2027.
- On Tuesday the National Statistics Institute reported the jobless rate was 9.93 percent in the period, 0.52 percentage points below the preceding quarter, marking the first time Spain fell below 10 percent in the fourth quarter of last year since 2008.
- Economic data show Spain’s growth outpaced peers while the National Statistics Institute noted almost 22.5 million people are now employed, a new record.
- The figure marks the lowest reading since hitting 9.6 percent in the first quarter of 2008, after declining from a peak around 27 percent in early 2013 as the tourism sector recovered in recent years.
- Policy-Makers will judge progress against the 2027 target, as the leftist government aims to bring unemployment down to around eight percent, with official data issued on 27/01/2026.
- The service sector’s strength, led by tourism, helped drive job gains, with the tourism industry representing around 13 percent of annual economic output and leading employment improvements in recent years.
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14 Articles
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Spain unemployment drops below 10% in first since 2008
Spain's historically stubborn unemployment fell below 10 percent in the fourth quarter of last year, official data showed on Tuesday, a first since the 2008 financial crisis.
Spain’s unemployment rate drops below 10% for first time since 2008
Spain’s unemployment rate fell by just over half a percentage point to 9.93% by the end of 2025, according to the latest Labour Force Survey figures released by the National Statistics Institute (INE). The decline was driven by strong job creation, with 605,400 additional people finding employment over the course of the year, contributing to the drop in unemployment. As a result, the jobless rate has dipped below the 10% mark for the first time …
The labour market reached 605,400 jobs in 2025, to a new record of 22.46 million employed, while the unemployment rate fell to 9.93 per cent, down from 10 per cent for the first time since the beginning of 2008.According to data from the Labour Force Survey (EPA) published on Tuesday by the National Institute of Statistics (INE), in 2025 unemployment fell by 118,400 people to 2.47 million.As for the quarterly evolution, the number of employed pe…
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