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Unemployment in Spain has fallen to a record low in the last 10 years, the Spanish Statistical Office (INE) reports. In the last quarter of 2018, the unemployment rate in the country dropped to 14.45% from 14.55% in the previous quarter. The number of unemployed shortened by 21.7 thousand, which became possible due to the growth of employment in agriculture and construction. In 2013, unemployment in Spain rose to a record 27%. The US mortgage crisis in 2008 led to a five-year recession that affected the labor market in developed countries. Employment rates are subject to seasonal factors, such as tourism, which accounts for 12% of production, and agriculture. The number of people employed in Spain increased by 2.98% or 566.2 thousand people in the fourth quarter of 2018. This is the maximum growth since 2016. The number of employees increased in agriculture, construction, services and industry. In the fourth quarter of 2017, employment growth was recorded in all sectors except industry. The number of Spaniards working or looking for work in Q4 increased by 103.8 thousand people to 22.87 million people.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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