Spain Jobless Rate Climbs Above 10% in Biggest Rise Since Pandemic
Spain’s unemployment rate rose to 10.83% in the first quarter from 9.93% in the previous three months, climbing back above 10% as 170,300 jobs were lost. The increase was the biggest quarterly rise since the pandemic and the sharpest first-quarter drop in employment since 2020, a setback for the euro area’s best-performing major economy.
The government nevertheless kept its 2026 GDP growth target at 2.2%, with stronger-than-expected performance in recent years outweighing uncertainty stemming from the Iran war.
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@businessSpain’s unemployment rate saw the biggest quarterly increase since the pandemic, a rare setback for the euro area’s best-performing major economy
@wallstengineSpain’s 🇪🇸 unemployment rate rose back above 10% in Q1, climbing to 10.83% from 9.93% in Q4, as 170,300 jobs were lost in the quarter. That was the biggest first-quarter drop in employment since 2020, though Q1 is usually Spain’s weakest se
@businessThe Spanish government stuck with its growth forecast, with the country’s stronger-than-expected performance in recent years outweighing uncertainty stemming from the Iran war
@firstsquawkSPAIN CONFIRMS 2.2% GDP GROWTH TARGET FOR 2026