FX.co ★ Spain Unemployment Unexpectedly Falls

The number of people registered as unemployed in Spain fell by 22.934 thousand from the previous month, to 2.420 million in March 2026, defying market expectations of a 10.3 thousand increase. Joblessness declined across the services sector (-18,852), construction (-5,846) and industry (-1,482). By contrast, unemployment in agriculture rose slightly (+365). Youth unemployment decreased by 431 to 188,977, the lowest level ever recorded for the month of March. The largest regional declines in unemployment were observed in Andalusia (-8,836), Catalonia (-3,777) and the Valencian Community (-2,467).