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28.04.202607:19:30UTC+00Spain Jobless Rate Rises in Q1

Spain’s unemployment rate rose to 10.83% in the first quarter of 2026, up from 9.93% in the previous quarter and above market expectations of 9.8%. The number of unemployed increased by 231,500, bringing the total to 2.71 million.

This uptick reflects a typical seasonal pattern in the Spanish labor market following the end of the holiday period. Employment contracted by 170,300, reducing the number of people in work to 22.29 million. The services sector was hit hardest, losing 228,400 jobs, while industry showed relative strength, adding 28,100 positions.

Despite the weaker quarterly data, the annual picture remains favorable: unemployment is down by 80,600 compared with the first quarter of 2025. The labor force participation rate edged up to 58.86%, supported by an increase of 447,000 in the active population.

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