The coastal Region of Valencia had an unemployment rate of 11.79 percent during the third quarter of 2023. This is lower than the regions of Ceuta, Melilla, Andalusia, and Extremadura, which topped the rate list with over 17 percent each during the first quarter of 2024.
An ongoing and tough recovery
Spanish unemployment rate skyrocketed in 2008, jumping from a stable 8.6 percent in the first quarter of 2008 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 11.74 percent of the active population in the fourth quarter of 2023.
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INE (Spain). (January 26, 2024). Unemployment rate in the Spanish Region of Valencia from 1st quarter 2013 to 4th quarter 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/456125/unemployment-rate-in-valencia/
INE (Spain). "Unemployment rate in the Spanish Region of Valencia from 1st quarter 2013 to 4th quarter 2023." Chart. January 26, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/456125/unemployment-rate-in-valencia/
INE (Spain). (2024). Unemployment rate in the Spanish Region of Valencia from 1st quarter 2013 to 4th quarter 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/456125/unemployment-rate-in-valencia/
INE (Spain). "Unemployment Rate in The Spanish Region of Valencia from 1st Quarter 2013 to 4th Quarter 2023." Statista, Statista Inc., 26 Jan 2024, https://www.statista.com/statistics/456125/unemployment-rate-in-valencia/
INE (Spain), Unemployment rate in the Spanish Region of Valencia from 1st quarter 2013 to 4th quarter 2023 Statista, https://www.statista.com/statistics/456125/unemployment-rate-in-valencia/ (last visited November 22, 2024)
Unemployment rate in the Spanish Region of Valencia from 1st quarter 2013 to 4th quarter 2023 [Graph], INE (Spain), January 26, 2024. [Online]. Available: https://www.statista.com/statistics/456125/unemployment-rate-in-valencia/