Finance
Spain's quarterly unemployment rate dips below 10% for first time in 18 years
Published by Global Banking and Finance Review
Posted on January 27, 2026
1 min readLast updated: January 27, 2026
Quick Summary
Spain's unemployment rate fell to 9.93% in Q4 2025, the lowest since 2008, with the private sector creating most new jobs.
Spain's Unemployment Rate Falls Below 10% for the First Time Since 2008
Overview of Spain's Unemployment Rate
Jan 27 (Reuters) - Spain's unemployment rate fell to 9.93% in the fourth quarter of 2025 from 10.45% three months earlier, data from the National Statistics Institute (INE) showed on Tuesday, the lowest in 18 years.
Contributions from the Private Sector
The rate dipped below the 10% landmark for the first time since the first quarter of 2008, when it stood at 9.6%, INE data showed.
Implications for Economic Stability
The private sector contributed 92% of the new jobs created in 2025, Economy Minister Carlos Cuerpo said in a video statement on Monday.
"The data shows a stronger, more stable jobs market with higher-quality employment that provides a solid foundation to keep expanding the welfare of all citizens," Cuerpo added.
(Reporting by Mireia Merino, Editing by David Latona)
Key Takeaways
- •Spain's unemployment rate drops to 9.93% in Q4 2025.
- •First time below 10% since 2008.
- •Private sector created 92% of new jobs in 2025.
- •Economy Minister highlights job market stability.
- •Data from National Statistics Institute (INE).
Frequently Asked Questions about Spain's quarterly unemployment rate dips below 10% for first time in 18 years
1What is the main topic?
The article discusses Spain's unemployment rate falling below 10% for the first time since 2008, indicating economic stability.
2How significant is the unemployment rate drop?
The drop to 9.93% is significant as it's the first time in 18 years that the rate has fallen below 10%.
3What role did the private sector play?
The private sector was crucial, contributing 92% of the new jobs created in 2025.
