13/04/2013 00:00
TW
0

Palma.—Unemployment in Spain is still climbing and reached 27%, or roughly 6 million people in the first quarter of 2013, according to data released yesterday by private employment agencies association, Asempleo. Findings from the study of Spain's working population, which is set for release on April 25, show that 340'000 jobs were lost in the first quarter of 2013 versus the same time frame in 2012.

Year on year dip
This amounts to a -4.6% year on year dip.
Asempleo says that employment in the construction and industry sectors still hasn't stabilized, and that recovery in the hospitality sector, mainly over Easter, “doesn't compensate for professional job losses, in social services and public administration”.

March in the Balearics ended with 90'576 people out of work, 3'371 less than February but that does nor mean that all of those people found work.
Union sources fear that many have signed off from benefits and decided to work on the black market while others are no longer entitled to benefit so there is little cause for celebration.

Data published yesterday by the Institute of Economic Studies (IES) which follows on from figures compiled by Eurostat at the start of April confirmed that young people have been hardest hit.

According to the findings youth unemployment has tripled since the start of the crisis in 2007, leaping from 18.2% to 53.2% to put Spain in second place only to Greece at 55.4% among EU countries.

Unemployment rates in Portugal stand at 37.7%, Italy 35.3%, and Slovakia 34%. In France youth unemployment reached 24.3%, and in Sweden 23.7%.