Fall in unemployment for Spain but still worst in OECD

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DOWN: Unemployment fell by 105,000. Credit: Wikimedia Commons


THE jobless total in Spain dropped by 105,000 people between January and the end of April to a total of 3,165,000.

This made the unemployment rate 13.8 per cent compared to the Organisation for Economic Co-operation and Development (OECD) average of 5.2 per cent, according to latest data.

This makes Spain’s rate the highest in the OECD if Greece is discounted, as no April figures are available for that country (in March the figure was 18.1 per cent). The EU recorded an average rate of 6.4 per cent and the Eurozone nations 7.6 per cent.

By gender, in Spain the unemployment rate among women is higher than that of men, 15.8 per cent for women compared to 12.1 per cent for men. These rates are higher than the OECD average, which places female unemployment at 5.2 per cent and male unemployment at 5.1 per cent in April.

Unemployment among young people aged 15 to 24 reached a rate of 32.7 per cent in Spain, above the OECD average (11.1 per cent), and for those aged over 25 it was 12.4 per cent, also higher than that of the OECD (4.5 per cent).

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