Spain's unemployment rate falls to 15-year low of 11.60% in Q2
Spain's unemployment rate falls to 15-year low of 11.60% in Q2
https://www.reuters.com/markets/europe/spains-unemployment-rate-falls-15-year-low-1160-q2-2023-07-27/
Spain's unemployment rate fell to 11.60%, a 15-year low, down from 13.26% three months earlier, data from the National Statistics Institute (INE) showed on Thursday.
cross-posted from: https://lemmy.zip/post/792025
Archived version: https://archive.ph/Q0U2H
Archived version: https://web.archive.org/web/20230727215947/https://www.reuters.com/markets/europe/spains-unemployment-rate-falls-15-year-low-1160-q2-2023-07-27/
Real unemployment (calculated with the total number of hours worked, number of temporary workers... etc) is between 19% and 23%. It has been like this since 2008 crisis. The unemployment among youth people is 45%.
There a many reasons, not just one. Imho it's related to the tourism (summer season), we have few industry (full time jobs all year), unemployment benefits are very generous (there are some jobs in agriculture that are done just by inmigrants from moroco with temporary visa, the landlords don't find Spanish people to work)
What source are you using? This is EPA that is higher than the number of unemployment registered The comments about not finding spanish people....maybe not at the salary they want to pay... https://www.ine.es/dyngs/INEbase/es/operacion.htm?c=Estadistica_C&cid=1254736176918&menu=ultiDatos&idp=1254735976595