Spain’s unemployment rate fell to 9.87% in the second quarter of 2026, easing from 10.83% in the first quarter, according to data updated on 28 July 2026. The move brings Spanish joblessness back below the 10% threshold, underscoring a further improvement in the country’s labor market conditions.
The decline from the first quarter 2026 level suggests continued employment gains or reduced labor market slack during the spring months. While unemployment in Spain remains elevated by euro area standards, the progression between the first and second quarters points to steady momentum heading into the second half of the year. Investors and policymakers will be closely watching whether this downward trend can be sustained in upcoming releases.
