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Spain’s Jobless Rate Falls Below 10% for First Time Since 2008

INE’s latest survey points to record employment from private hiring, with youth joblessness and regional disparities still elevated.

Overview

  • Spain’s unemployment rate reached 9.93% in Q4 2025, according to INE’s EPA, marking the first sub‑10% reading since before the financial crisis.
  • Employment rose by about 605,000 in 2025 to a record 22.46 million, with roughly 76,200 jobs added in the fourth quarter.
  • The private sector supplied around 92% of last year’s net job gains (about 555,300), alongside a substantial rise in permanent contracts.
  • The active population climbed toward 25 million and households with all active members employed increased to about 12.16 million, while fully unemployed households fell to roughly 772,300.
  • Youth unemployment dropped to 23%, its lowest level since before the crisis, yet regional contrasts persisted, with Cantabria at 6.77% and provinces like Córdoba around 17% despite records in regions such as Murcia and Extremadura.