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Number of unemployed in Spain increases by +2,618 people in February

TOPICS:
employment office

Posted By: The Corner 2nd March 2023

Bankinter : The number of unemployed increased in February by +2,618 persons (after +70,750 in January). It stands at 2.91 million (+0.1% month-on-month and -6.4% year-on-year). The seasonally adjusted number of registered workers increased to 20.38 million (+0.4% month-on-month and +2.2% year-on-year).

paro espana febrero

Analysis:

The number of unemployed increased slightly in February, for the second consecutive month. The average for the last 10 years in February is +21.2 thousand workers. The implied unemployment rate would remain at around 12.5% (vs 12.87% in the 4Q 2022 labour force survey).

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.