Job market magic

Spain is enjoying its lowest unemployment rate since 2008 with the country gaining 318,717 new employees in the first four months of the year.

May has traditionally been a fruitful month for employment, bolstered by the arrival of pleasant weather and the revival of the hospitality industry ahead of the summer, and 2023 has been no exception.

In recent history, Spain has always seen unemployment fall in May, with the largest drop occurring in 2021 when a stunning 129,378 jobseekers were removed from the unemployment register.

Minister José Luis Escrivá, had already hinted on Thursday that May's employment figures would be “excellent”, and added his optimism for the country’s pension reforms.