Spanish Unemployment Rate Declined in the Second Quarter
July 29 2021 - 3:20AM
Dow Jones News
By Maria Martinez
Spain's unemployment rate fell slightly in the second quarter of
2021 but remained at a high level as the labor market continued to
suffer from the coronavirus pandemic and its related
restrictions.
The country's unemployment rate declined to 15.26% in the second
quarter from 15.98% in the previous quarter, Spanish statistics
office INE said Thursday. Jobless claims fell by 110,100 in the
quarter to a total of 3.54 million unemployed.
Tens of thousands of firms in Spain have signed up for a
temporary program by which the government partially subsidizes
workers wages to avoid job losses. These workers aren't included in
the unemployment figures.
Employment registered an increase of 464,900 people in the
second quarter, rising to a total of 19.67 million employed, INE
said.
Write to Maria Martinez at maria.martinez@wsj.com
(END) Dow Jones Newswires
July 29, 2021 03:14 ET (07:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.