Story perspectives
Spain's Unemployment Hits Record Low at 10.6%
1/30/2025
28 3
1 of 1
Story summary
- Spain's unemployment rate fell to 10.6% in 2024, the lowest since 2008, with 468,100 new jobs created.
- The service sector, especially tourism, generated 90% of these jobs, alongside growth in construction.
- Government initiatives, such as minimum wage hikes and labor reforms, enhanced job stability and reduced temporary contracts.
- Despite improvements, Spain's unemployment rate is still among the highest in Europe, aiming for 8% by 2027.
