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Spain's Q2 Jobless Rate Drops to 9.87%, 18-Year Low

July 28 (Reuters) - Spain's unemployment rate fell back below 10% in the second quarter of 2026, reaching its lowest ​level since 2008 even as the ​labour force rose to a record high, ⁠data from the National Statistics Institute ​showed on Tuesday.

The second-quarter unemployment rate dropped to ​9.87% from 10.83% in the previous three months, the institute said.

The labour force grew by 272,700 from ​the previous quarter and by 452,500 ​from a year earlier to a record 25.27 million ‌people.

Seasonally ⁠adjusted employment rose by 122,000 in the quarter to a record 22.67 million, extending annual job creation above 500,000 for a ​sixth consecutive quarter.

Spain's ​Ministry ⁠of Economy said the jobs created were largely permanent and private-sector ​positions, with temporary employment accounting for ​15% ⁠of salaried workers, while higher-value sectors such as healthcare, education, professional services and finance ⁠recorded some ​of the strongest annual ​gains.

Reporting by Marta Serafinko and Mireia Merino in Gdansk; ​Editing by Javi West Larrañaga and David Holmes

Source: Reuters


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