this post was submitted on 27 Jul 2023
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Spain's unemployment rate falls to 15-year low of 11.60% in Q2 (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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/

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[–] [email protected] 8 points 1 year ago (1 children)

11.6% unemployment seems really, really high for a developed country! What's the hell is up, Spain?

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

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)