Spain’s Jobless Total Dips Below 2.5m For First Time Since 2008 – Olive Press News Spain

Published

2 weeks ago

June 3, 2025

spain’s-jobless-total-dips-below-2.5m-for-first-time-since-2008-–-olive-press-news-spain

SPAIN’S unemployment total has fallen below 2.5 million for the first time since the height of the financial crisis.

Figures released on Tuesday by the Labour Ministry reported 2.45 million people as being registered as out-of-work during May.

That’s down by 57,835 on the previous month and is the lowest total since July 2008.

READ MORE:

Spain’s jobless figures tumble to their lowest total in 17 years

“Only once have we been slightly below that level in Spain, and that’s our objective for the country,” Labour Minister Yolanda Diaz told Radio Nacional.

As is common for the time of the year, the hospitality sector created four out of 10 new jobs in May as the tourist season ramps up

Leisure, entertainment and agriculture also boosted the new jobs total.

Seasonal tourist-related work saw the Balearic Islands labour market grow the most in terms of percentage by 8.7% compared to April.

Above average growth was recorded in Murcia(up 1.46%) and Extremadura(up 1%).

Spain gained more than 190,000 net registered jobs in May, bringing the number of people in a contracted position to 21.8 million- the highest level ever, according to the Social Security Ministry.

Meanwhile, the Organisation for Economic Co-operation and Development (OECD) has lowered Spain’s GDP growth forecast for this year by 0.2% to 2.4% due to the likely impact of a tariff war.

It has recommended IVA tax increases to balance the books and improve spending efficiency by consolidating the country’s public accounts.

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Inflation in Spain dips below 2% mark with energy costs falling

Published

2 weeks ago

May 30, 2025

admin

SPAIN’S inflation rate has fallen to below 2% according to preliminary May figures published by the National Statistics Institute(INE) on Friday.

It now stands at an annual figure of 1.9%- 0.3% down on April’s rate.

The fall was mainly down to a reduction in leisure and cultural prices as well as transportation costs, the INE said.

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La inflación se modera en mayo y se sitúa por debajo del nivel de referencia del 2%. Aunamos crecimiento y contención de precios, pese a la incertidumbre internacional.

Frente a los del NO a todo, España avanza y el Gobierno funciona.

Seguimos adelante.https://t.co/Dr4VYm6Qmx

— Pedro Sánchez (@sanchezcastejon) May 30, 2025

Though electricity prices spiked for a time after the late April blackout, energy costs are continuing to fall.

The latest figure continues the trend of inflation slowing down in Spain and is the third successive month to record a reduction.

Prime Minister Pedro Sanchez welcomed the news, posting on social network X that his ‘government is delivering’.

“We are achieving growth while easing price pressures, despite global uncertainty,” he added.

Core inflation, which excludes volatile fresh food and energy prices, fell to 2.1%, some three-tenths less than in April.

The Economy Ministry said in a statement: “The Spanish economy continues to show a great capacity to combine a reduction in inflation with one of the highest growth among developed countries, which is especially relevant in the current situation of high international uncertainty.”