Unemployment rate in Valencia from Q1 2013 to Q3 2020

The coastal Region of Valencia had an unemployment rate of 17.23 percent during the third quarter of 2020. This is lower than the regions of Andalusia and Extremadura, which were expected to top the rate lists with 23.8 percent and 20.9 percent respectively as of the same date.

An ongoing and tough recovery

Spanish unemployment rate skyrocketed in 2008, jumping from a stable 8 percent in the first quarter of 2018 up to 17.24 percent during the same quarter a year after. The Spanish unemployment crisis hit hardest in 2013, when a record high of 27 percent of the population did not have a job. In numbers, that share translates into 6.3 million professionals left out of the workforce. The job market initiated a recovery thereafter, making moderate and laborious progress and reducing the numbers to approximately 3.5 million unemployed workers – that is 14.7 percent of the active population in the first quarter of 2019.

The unemployment situation in the European Union

Unemployment rate in Spain is considerably higher than that of the rest of the European Union, which stood at a rate of 6.5 percent in January 2019. Greece was however the European country that featured the highest unemployment rate during that period, with 18.5 percent of the labor force out of the job.

Unemployment rate in the Spanish Region of Valencia from 1st quarter 2013 to 3rd quarter 2020

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Source

Release date

2020

Region

Spain

Survey time period

Q1 2013 to Q4 2020

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