Published by Global Banking & Finance Review®
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
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Spain's jobless rate rose by 1.51% in January, yet remains at a 17-year low for this time of year. The country lost 242,000 jobs but gained 491,000 since January 2024.
(Reuters) - Spain's jobless rate inched up in January from the month before, but still held at the lowest level for the time of year - when seasonal work typically drops off after the Christmas holiday - in 17 years.
The Labour Ministry said on Tuesday the number of people registering as unemployed rose 1.51% in January from a month earlier, or by 38,725 people, leaving 2.60 million people out of work - 6.08% fewer than in January 2024.
Spain lost 242,000 net formal jobs during January to an average 21.1 million jobs, though the country gained 491,000 net jobs from January 2024, a separate report from the Social Security Ministry showed.
As the Spanish economy expanded at a much faster pace than its neighbours, the unemployment rate, released every quarter, has been continuously sliding over the past years to 10.61% in the fourth quarter, the lowest level since 2008.
(Reporting by Joao Manuel Mauricio in Gdansk, editing by Inti Landauro and Jan Harvey)
The article discusses the slight increase in Spain's jobless rate in January and its implications on the economy.
Spain lost 242,000 net formal jobs during January.
The unemployment rate was 10.61% in the fourth quarter, the lowest since 2008.
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