Spain’s unemployment rate rises to 15.33 percent
Spain’s unemployment rate rose to
Experts fear that the situation will only get worse. According to OECD forecasts, unemployment in Spain could surge to
The recent data still does not show the full extent of the unemployment crisis. Tens of thousands of companies in Spain have signed their employees up to the country’s furlough scheme, but these workers are not considered unemployed in the survey. The National Institute of Statistics has also decided to exclude from the data over a million people recently made unemployed. This was on the grounds that they don’t fit the technical criteria for unemployment, which includes actively job-seeking.
Spain is among the countries worst affected by the coronavirus pandemic. According to data released on 24 July, it has so far recorded over
However, long before the pandemic began, Spain was grappling with high unemployment, inherited from the sovereign debt crisis almost a decade ago. In the first quarter of the year, unemployment in Spain stood at
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