More Than 4M Unemployed People. Corona Worsens Unemployment in Spain

The Spanish Ministry of Labor, Immigration, and Social Security said that the number of unemployed people in Spain reached 3.888.137 by the end of December 2020; the highest record since 2016.

The Spanish Ministry of Labor, Immigration, and Social Security said that the number of unemployed people in Spain reached 3.888.137 by the end of December 2020; the highest record since 2016.

On Tuesday, the ministry confirmed that the number of unemployed people in Spain recorded, for the first time last year and after 7 consecutive years of decline, an increase by 724.532 persons; which is the highest since 2009 during the financial crisis. That a result of corona virus outbreak.

The ministry revealed that repercussions of health crisis resulting from corona virus outbreak have destroyed 7 consecutive years of growth in the number of job positions. During 2020, a total of 360.105 participants in social security institutions were gone, bringing the number of workers in the country to 19.048.433, with a decrease of 86,1% compared to 2019; first decline of its kind since 2013.

The same source stated that the number of unemployed people during last December only was 36.825, pointing that it is the first increase recorded during this month since 2011; in the context of Christmas and the New Year celebrations, which were not normal whatsoever for the labor market due to severe restrictions that are still going on because of repercussions of corona virus.

The ministry’s statement noted the loss of jobs positions being prominent in 2020, particularly in the public system of social security institutions. The number of participants in this system dropped by 359.931, not exceeding 15.716.119 in total.

Get real time updates directly on you device, subscribe now.

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More