Catalina Espinosa
Research expert covering society, economy, and politics for Europe and the EU
Unemployment in Spain - Statistics & Facts
The unemployment rate is one of the indicators most commonly used to analyze the prosperity and economic situation of a country. In current times, it also constitutes one of the most serious problems Spanish society must face. Before the 2008 financial crisis, the country’s unemployment rate ranged within 10 percent. In fact, the lowest rate ever recorded was at 7.93 percent during the second quarter of 2007. This, however, did not last long, since the rate ballooned to such an extent during the financial crisis that it did not go below 20 percent from 2010 to 2016.
