19th May 2024
Office scene
Barcelona News Business Catalonia News Economy & Employment Madrid News Main News

Unemployment drops in Spain, yet still at 3.3m

Spain’s unemployment rate dropped in 2018 as the country’s services sector, which includes all-important tourism, generated more jobs, official figures showed Tuesday.

At the end of 2018, it stood at 14.45%, down from 16.5% at end-2017, the National Statistics Institute (INE) said.

That brings the number of jobless people in Spain to 3.3 million.

But even though unemployment has dropped since 2013 as Spain emerges from economic crisis, the country still has the eurozone’s second highest jobless rate after Greece.

Office scene
Office scene (Venveo / Unsplash)

Young people are especially hard-hit.

The growth in temporary jobs was also higher than that of permanent posts in 2018, INE said.

Spain’s services sector saw close to 430,000 jobs created in 2018, it added.

That includes tourism, which accounted for 11.8% of Spain’s GDP last year.

Spain saw another record year in terms of foreign visitor numbers in 2018, even if growth in sales slowed as sun-soaked competitors like Turkey, Egypt and Tunisia recovered.

ALSO READ: Spain’s tourism growth slows as rivals recover

Recent Posts

Three Spanish tourists killed by gunmen in Afghanistan’s Bamyan province

News Desk

Pedro Sánchez: socialist win in Catalonia ‘ends decade of division and resentment’

News Desk

Sale of Vodafone’s Spanish division for up to €5 billion receives green light

News Desk

Catalan amnesty bill back to Spanish Congress after ‘symbolic’ veto in Senate

News Desk

Ukrainian President Zelensky cancels trip to Spain and Portugal

News Desk

Spain warns smaller vessels of orca run-ins near Strait of Gibraltar over summer

News Desk

Leave a Comment