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COVID in Spain – March worst month on record for the labour market

Jobless claims in Spain surged by 302,000 people in March, the highest monthly increase on record and far higher than the previous record from January 2009 when unemployment claims rose by 200,000 as Spain went into an economic crisis.

Spain’s Minister of Labour and Social Economy, Yolanda Diaz, said that nearly 834,000 jobs had been lost in March as a result of the nationwide lockdown that forced all ‘‘non-essential’’ workers to stay home.

According to the new figures, there are currently 3.5 million unemployed people in the country.

“The month of March was evolving normally until the 13th. Starting on March 13, we began observing a daily spike in the unemployment numbers,” Díaz said.

The Ministry stated that during the first 11 days of March jobs were still being created and noted that “the impact of the coronavirus pandemic can be seen as having started on March 12. The average affiliation figure, however, does not rigorously reflect what happened during the whole of the month.”

Chosen excerpts by Job Market Monitor. Read the whole story @ March worst month on record for Spain’s labour market | New Europe


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