FX.co ★ Spain Sees Unexpected Decline in Jobless Numbers

In April 2025, the number of individuals registering as unemployed in Spain fell by 67,420, reaching a total of 2.513 million. This marks the lowest level of unemployment since July 2008 and defied market expectations, which had anticipated an increase of 6,500. Compared to the previous month, unemployment registrations decreased across all economic sectors, with the most notable reductions in Services (-3,817; -2%), Construction (-3,323; -3.9%), and Industry (-2,920; -1.5%). Additionally, the number of unemployed individuals with no prior work experience saw a significant decline of 7,700 (-3.2%). Among young people under the age of 25, unemployment dropped by 20,095, representing a substantial 10.2% reduction from the preceding month. This trend marks the most significant April decrease since 2001, occurring at a rate five times quicker than that of other age groups. On a year-over-year basis, there were 153,782 fewer unemployed individuals, reflecting a 5.77% decrease compared to April 2024.