⚠️After Spain recession warning, unemployment rises
Job losses have only been recorded in three other summers in 14 years.
📈 What happened?
Unemployment in Spain rose by 60,800 people to just under three million in total in the third quarter (July, August and September), according to the National Statistics Institute (INE) Active Population Survey (EPA).
Although it doesn’t seem an especially large number, it is one of only four third quarters of the past fourteen years in which unemployment has gone up instead of down (see graph above) over the summer. The other three were Covid (2020), Zapatero’s last year (2011) and Rajoy’s first year (2012).
☢️ What’s at stake?
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