this post was submitted on 27 Jul 2023
87 points (98.9% liked)

World News

32047 readers
649 users here now

News from around the world!

Rules:

founded 4 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
87
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]
16 comments fedilink hide all child comments
 

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/

you are viewing a single comment's thread
view the rest of the comments
[–] [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)