Spain: unemployment rises to 11.36% in the first quarter of the year, above the 10.7% expected

  • Unemployment rises to 11.36% in the first three months of 2025 compared to the previous 10.61%, reaching its highest rate in a year.
  • Retail sales maintain their annual growth rate at 3.6% during the month of March.
  • The euro rises slightly behind the data but maintains losses in what we have on Monday.

The Active Population Survey (EPA) published by the National Institute of Spanish Statistics revealed that Unemployment in Spain rose to 11.36% in the first quarter of the year from the previous 10.61%. This rate exceeded 10.70% expected by the market, placing unemployment in its highest level for a year.

According to the EPA, the number of employed decreased by 92,500 people with respect to the previous quarter and stood at 21,765,400. At the year -on -year, employment grew by 515,400 people in the last 12 months.

The strike rose in 193,700 people in the first three months of the year, up to 2,789,200. Annually, unemployment was reduced by 188,700 people.

Finally, the number of assets grew by 101,200 in the first quarter of 2025, up to 24,554,500. At the year -on -level, the figure increased by 326,700.

By sectors, the occupation increased in agriculture (+25,000) and went down in the services sector (-112.300) and in the industry (-4,400). In the contest it descended only in 700 people.

On the other hand, Spain has published its fact of March retail sales. The indicator ha Uploaded 3.6% Annualas I did in February. At the monthly level, the indicator fell 0.2% after growing 1.3% the previous month. Occupation in the retail sector increased 1.0% per year

Euro reaction

The euro has rebounded about 15 pips coinciding with the publication, but maintains the losses of the day. At the time of writing, the EUR/USD quotes about 1,1342, losing 0.18% daily.

Economic indicator

Unemployment survey

The unemployment rate published by the National Statistics InstituteIt is the number of unemployed workers divided among the active population. A fall in this indicator has positive implications on consumer spending, which stimulates economic growth. A result lower than expectations is bullish for the euro, while a superior result is bassist.


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Last publication:
LUN ABR 28, 2025 07:00

Frequency:
Quarterly

Current:
11.36%

Dear:
10.7%

Previous:
10.61%

Fountain:

INE

Source: Fx Street

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