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Spain’s unemployment rate falls to 9.87% in Q2, lowest in 18 years

· Investing.com ETFs

Spain’s unemployment rate falls to 9.87% in Q2, lowest in 18 years

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)