Significant Drop in Spain's Unemployment Rate

The Spanish Ministry of Labor and Social Economy reported a notable decrease in unemployment rates this April, with a 2.61% drop, equivalent to 67,420 fewer unemployed individuals compared to March. This brings the total number of unemployed people down to 2,512,718, the lowest figure since May 2022.

Sector-Wise Analysis of Unemployment Trends

Breaking down the numbers by economic sectors reveals varied impacts. The agriculture sector saw the most significant reduction at 3.92%, followed by services with a 2.66% decrease. Construction and industry also experienced declines, with unemployment rates dropping by 2.01% and 1.48%, respectively.

This positive shift in unemployment rates across multiple sectors highlights a potential recovery trend in Spain's labor market.