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Economic news
04.07.2022

Spain’s unemployment reduced by 42,409 people in June

The Ministerio de Empleo y Seguridad Social reported on Monday that the number of unemployed people in Spain declined by 41,409 m-o-m (or -1.45 percent) to 2,880,582 in June, after dropping by 99,500 m-o-m in the previous month. This was the lowest reading since October 2008, the start of the global financial crisis.

On y-o-y basis, unemployment decreased by 733,757 people (or -20.3 percent).

According to the report, unemployment decreased in all autonomous communities except Andalusia. Sector-wise, Services saw a decline of 41,017 (or -1.99 percent) in unemployment in June, and Industry of 7,148 (or -3.95 percent) and Construction of 4,981 (or -2.15 percent). At the same time, unemployment in Agriculture increased by 8,863 (or +6.42 percent).

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