| More than 1.1 million unemployed people in Spain have been looking for work for over a year in Q1 2024, this was 43,000 fewer people compared to the same period of the previous year, according to research by Randstad Spain. |
| The report also showed an increase of 117,000 people in the number of unemployed, bringing the total number to 2.98 million, with an unemployment rate of 12.3%. Furthermore, the gap in the unemployment rate between men (11.0%) and women (13.7%) has narrowed, reaching its lowest level in four years. |
| Randstad also noted the rate of temporary employment in the public sector stands at 29.5% and once again exceeds that of the private sector (12.3%) for the twentieth consecutive quarter. The difference between the two remains at an all-time high, Randstad showed |
| The report found that in terms of the percentage of teleworking in the public sector 14.4% of those employed teleworked in the first quarter of 2024, of which more than half, 7.3%, worked remotely for more than 50% of their working day, while 6.6% of those employed did so less frequently. |
| In Q1 2024, the lowest unemployment rate was recorded in the 45 to 54 age group, where it fell by 1.1% to 10%. Randstad Spain also noted that the unemployment rate among those under 25 years of age has also shown a decrease, falling by eight-tenths to 27.7%. |
| Meanwhile, the working population in Spain rose to 24.23 million people in the first quarter of 2024, representing a year-on-year increase of 407,000 people. However, employment fell by 140,000 people, standing at 21.25 million, 200,000 below its historical record. |
| Despite this decrease, employment grew by 616,000 people year-on-year, with a notable increase among permanent employees and a marginal increase among self-employed workers. Of all of them, the greatest growth has occurred among workers under 25 years of age (+10.2%). |
| Further data showed that of the entire working population, 55.1% have university or vocational training studies, an increase of 1.2% in the last year. As for the employed, 3 out of 10 employed people in Spain (29.9%) have a low level of qualification (at most, compulsory secondary education), a proportion that is almost double the EU average. |
| By sector, catering, healthcare and retail trade are the sectors that have gained the most jobs in the last year. In contrast, the report points out significant losses in sectors such as wholesale trade, the public sector and insurance. |
| When compared to the EU, Spain faces a low employment rate in the 15-64 age group, which stands at 65.1%, the fourth lowest in the entire EU and about 5 points below the European average. |
| For the full document click the link below:
Spain: Unemployment rate |
