Finance
Spain's June jobless figure at lowest in 17 years
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 2, 2025
1 min readLast updated: January 23, 2026
Spain's June unemployment rate fell to its lowest since 2008, with 2.41 million registered as unemployed. The hospitality sector boosts job figures during summer.
(Reuters) -The number of people registered as unemployed in Spain fell in June to the lowest figure since May 2008, before the bursting of a real estate bubble led to a deep crisis in the country.
According to data from the Labour Ministry released on Wednesday, a total of 2.41 million people were registered as unemployed in June, down by 48,920 from the previous month.
The number was not that low since 2.38 million jobless people in May 2008.
Unemployment traditionally falls in Spain during the summer when the hospitality industry hires thousands of workers to serve the millions of tourists who visit the country.
Spain gained 40,399 net formal jobs in June, bringing the number of people with a formal job to 21.6 million, on a calendar-adjusted and excluding seasonality, a separate report from the Social Security Ministry showed.
(Reporting by Tiago Brandao, editing by Inti Landauro and Louise Heavens)
In June, a total of 2.41 million people were registered as unemployed in Spain, which is a decrease of 48,920 from the previous month.
The last time Spain's jobless figure was this low was in May 2008, when there were 2.38 million unemployed people.
Unemployment traditionally falls in Spain during the summer because the hospitality industry hires thousands of workers to accommodate the influx of tourists.
Spain gained 40,399 net formal jobs in June, bringing the total number of people with formal employment to 21.6 million.
The unemployment figures were released by the Labour Ministry of Spain.
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