Spain’s unemployment rate fell to 10.29% in the second quarter of 2025, its lowest level since 2008, according to the National Statistics Institute (INE). The number of unemployed dropped by 236,000 to 2.55 million, with both men and women benefiting equally from the decline.
Job growth was strongest in the services sector, which saw a reduction of 178,500 unemployed, and to a lesser extent in construction. The total active workforce reached a record 22.27 million, a 2.69% increase year-on-year, driven by rising immigration and domestic consumption.
Minister of Economy Carlos Cuerpo hailed the milestone, noting that 90% of new jobs were created in the private sector.
Despite these gains, Spain continues to post the highest unemployment rate in both the EU and the OECD, where the average stands at 4.9%. The Bank of Spain forecasts the jobless rate will dip below 10% by 2027.
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