Beyluxe

Date Time

Monday, July 28, 2024
EUR
USD
JPY
BGN
CZK
DKK
GBP
HUF
PLN
RON
SEK
CHF
NOK
RUB
TRY
AUD
BRL
CAD
CNY
INR
KRW
MXN
NZD
ZAR
AED
EGP
MDL
RSD
UAH
XAU
XDR
EUR = 1.0000 USD

News

April 29, 2025 08:09 GMT

Spain is facing rising unemployment rate

Spanish authorities are facing new and worryingly figures regarding unemployment. The first quarter of 2014 was yet again a reminder of the slow recovery from the financial crisis that struck the country a few years ago.

 

The Spanish National Statistics Institute revealed the fact that jobless rate almost reached the 26 percent marker again. It was an official 0.1 increase in unemployment rate since the previous quarter.

 

The same Institute said there are almost 5,95 million people looking for a job in Spain. The biggest unemployment rate is found withing young people. 50 percent of all young people between 18 and 25 years old are unemployed and never had a job.

 

The autonomous region of Andalusia has the biggest unemployment rate in the European Union. In excess of 30 percent of all people are currently jobless. In fact, seven out of the first 10 regions in EU regarding unemployment rate are from Spain.