Report
Spain: a misleading rise in unemployment
According to data released by the National Statistical Office on April 28, the unemployment rate has rebounded to 11.4% in Q1 2025 . However, on a year-on-year basis, the number of unemployed has decreased by 6.3%. The Spanish labor market remains dynamic at the beginning of the year, suggesting solid GDP growth in the first quarter.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Jesus Castillo
Justine GRENON
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