Spain's unemployment declined by 27,814 in July or 0.6 percent from the prior month, data from the Labor Ministry showed Thursday. The number of registered unemployed totaled 4.58 million.
Unemployment declined for the fourth consecutive month in July, with declines in construction and industry. Meanwhile, registered unemployment increased in agriculture and services sectors.
Spain has the highest unemployment rate in the European Union. The economy contracted 0.4 percent sequentially in the second quarter, dragging it deeper into recession.
According to the calculation of statistical office, the Spain unemployment rate reached a record 24.63 percent in the second quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.