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Unemployment Drops to 9.87% — Lowest Since 2008

7/29/2026

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Story summary
  • Unemployment rate fell to 9.87% in Q2 2026, the lowest since 2008, according to the Ministry of Economy.
  • The rate dropped from 10.83% to 9.87%, cutting unemployed by 213,300 to 2.495 million.
  • Employment rose by 486,000 to 22.779 million.
  • Most new jobs were permanent private-sector positions.
  • Services added most jobs driven by tourism, especially in coastal regions.