Spain: 2016 Ends With 390,534 Fewer Unemployed

Spain’s total number of recorded unemployed was 3,702,974 at the end of 2016, the lowest level in the last seven years, according to the Spanish government.

In seasonally-adjusted terms, unemployment fell in the month of December by 49,243 people.

Compared with December 2015, unemployment decreased by 390,534, the largest fall in a calendar year on record. The year-on-year decline in the unemployment rate stands at 9.54%, the fastest rate since 1999. Over the last four years, unemployment has fallen by more than 1 million people (1,145,749), according to government figures.

Unemployment for young people under the age of 25 has fallen over the last 12 months by 47,607, to post a year-on-year decline in youth unemployment of 13.9%, which is above the general average of 9.54%.

In terms of recorded unemployment by activity sector, this fell in services by 65,898 people (down 2.57%), and in agriculture and fisheries by 14,075 (down 7.67%). In contrast, it rose in the construction sector by 8,365 people (up 2.28%), and in industry by 2,785 (up 0.81%). Lastly, unemployment fell among first-time job seekers by 18,026 (down 5.43%).

Recorded unemployment fell in 13 autonomous regions, headed up by Andalusia (down 39,908), Madrid (down 11,298) and Catalonia (down 9,334). In contrast, it rose in the other four regions, mainly in Galicia (up 2,360) and Navarre (1,129).


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