Spain unemployment rate falls to lowest level in eighteen years following strong job growth

Spain’s unemployment rate dropped to 9.93 percent in late 2025 marking a structural shift. The nation created over 600,000 jobs driven by private sector gains.

Insights:
Official data released on Tuesday, January 27, 2026, revealed that the unemployment rate in Spain ESESfell to 9.93 percent in the fourth quarter of 2025. This figure represents the lowest level in 18 years, dating back to the start of the 2008 financial crisis. This milestone signals a structural stabilization of one of the historically weakest labour markets in the Eurozone labour market, as the country continues to show sustained economic momentum rather than a temporary improvement.
A young salesgirl offers women a taste of nougat, a traditional Christmas sweet, outside a shop in downtown Ronda, Spain, December 2, 2024. REUTERS/Jon Nazca
A young salesgirl offers women a taste of nougat, a traditional Christmas sweet, outside a shop in downtown Ronda, Spain, December 2, 2024. REUTERS/Jon Nazca
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