Increase in Unemployment Rate in Spain for the First Quarter
The unemployment rate in Spain experienced an increase at the beginning of the year, as evidenced by data from the national statistical office INE. This rate rose from 11.8% in the previous quarter to 12.29% in the first quarter. An increase of 117,000 raised the total number of unemployed to 2.98 million. However, compared to the previous year, there was a decrease in unemployment by 208,500. On the other hand, employment decreased from the previous quarter by 139,700, making the total 21.25 million. The services sector saw the biggest increase in unemployment, with an increase of 128,600. Unemployment rates in the industrial sector rose by 28,900, as construction also posted an increase of 26,700. The farming sector’s figure remained mostly unchanged.
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