July 28, 2020

Spain lockdown destroys over one million jobs in second quarter

Madrid (AFP) – The coronavirus epidemic destroyed the jobs of over a million Spaniards during the second quarter, mainly in tourism, data showed Tuesday, but the government said the “worst moment” for the labour market had passed. The National Statistics Institute (INE) reported that the number of unemployed rose by only 55,000 between April and June to 3.4 million.That pushed the unemployment rate in the eurozone’s fourth-largest economy to 15.3 percent from 14.4 percent in the first quarter.But those figures significantly underestimate the impact of the virus on the Spanish job market which …

source https://this.kiji.is/en/660877912639095905?c=648607265489716321

Leave a Reply

Your email address will not be published. Required fields are marked *