Key facts
- Spain's unemployment rate fell to 9.87% in Q2.
- This is the lowest unemployment rate in Spain since 2008.
- Employment in Spain reached a record 22.8 million in Q2.
- 486,000 jobs were created in Spain in Q2.
- Job creation was primarily in the services sector.
Spain's unemployment rate has reached its lowest point in 18 years, dropping to 9.87% in the second quarter of the year. This significant decrease marks a positive trend for the Spanish labor market, which has not seen such low unemployment figures since 2008. The number of employed individuals in Spain has also hit a record high, reaching 22.8 million people. This surge in employment is attributed to the creation of 486,000 new jobs during the quarter. The majority of these new positions were concentrated in the services sector, suggesting a strong performance and growth in this area of the economy. The data reflects a period of economic recovery and expansion for Spain, with a notable increase in job opportunities available to its workforce.