Spain’s unemployment rate rose to 10.18% in Q3 2026, up from 9.87% in Q2 and above market expectations of 9.9%. The number of unemployed people increased by 95,900, or 3.8%, from the previous quarter, marking the largest rise for a third quarter since Q3 2020. Nevertheless, the unemployment rate was the lowest recorded for a third quarter since 2007. Meanwhile, employment increased by 73,600, or 0.3%, marking the weakest gain for a third quarter since 2019. Despite the modest growth, total employment reached a record high of 22.852 million. The number of employed foreign nationals rose by 75,400, or 2%, while employment among Spanish nationals declined by 1,800.
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