Tuesday, 28 July 2020

COVID-19 Spain Lockdown Leaves 1 million Jobless

COVID-19 Spain Lockdown Leaves 1 million Jobless 

The coronavirus epidemic has destroyed the jobs of over a million Spaniards, but with lockdowns preventing them from looking for work, they were excluded from the unemployment count, data showed Tuesday.

Figures published by the National Statistics Institute (INE) showed the number of unemployed rose by only 55,000 between April and June to 3.4 million.

That pushed the unemployment rate to 15.3 per cent from 14.4 per cent in the first quarter.

But those figures significantly underestimate the impact of the virus on the Spanish job market which registered a 1.07 million drop in the number of people employed during the second quarter, the INE said.

The unemployment data is based on surveys, not claims for benefits, and the survey counts only people actively seeking a job as unemployed. As the lockdowns imposed to stop the spread of coronavirus kept people from hunting for jobs, they were not considered as unemployed by the survey.

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