In comparison, Italy's jobless rate is seen at 12.7% in 2020, from 10.3% in October. However, this figure does not include all the new job losses because not all unemployed workers have registered with the authorities.In addition, the figures do not include 620,000 workers who have been temporarily laid off in many key industries, such as the car trade, tourism and construction.“It is always a big problem and it is the double challenge we have: to fight the epidemic and to avoid the economic activity being swept away. Our journalists will try to respond by joining the threads when real-world solutions, and more. But since 2018, the fall in unemployment has slowed, pushing back the goal of below double-digit unemployment. Unemployment Rate The Trading Economics Application Programming Interface (API) provides direct access to our data. Italy has a debt-to-GDP (gross domestic product) ratio of about 130%, whereas Spain's sits just below 100%.Got a confidential news tip? The existing Open Comments threads will continue to exist for those who do not subscribe to That was the highest rate since the first quarter of 2019 as the Covid-19 crisis escalated. The summer months are the best, when you make the money, but that looks uncertain,” she added.She said Barcelona’s restaurant trade, which depends partly on tourism, has been hit by a series of setbacks, from rioting in October over the jailing of nine Catalan separatist leaders to the cancelling of the World Mobile Congress in February – an event that usually attracts about 100,000 people to the city.The Spanish prime minister, Pedro Sanchez, has announced that when staff who have been laid off return to work, they cannot be sacked for six months.However, Preston believes this measure could threaten businesses that have been weakened by the crisis.“If you have not made any money, then you are forced to make adjustments, which unfortunately can involve sacking people. — Spain’s virus cases keep rising since easing lockdown ... MEXICO CITY — Mexico is nearing 50,000 confirmed deaths from COVID-19. It saw the second highest peak rates of death in Europe after Spain, but … Among regions, the lowest rates were recorded in Illes Balears (8.18 percent), Comunidad Foral de Navarra (8.19 percent), Cantabria (8.73 percent) and La Rioja (8.99 percent) while the highest in Melilla (28.99 percent), Ceuta (28.76 percent) and Andalucía (21.83 percent). "We expect the shock in the first quarter to be worse for Italy than in Spain, as the outbreak hit Italy earlier in the year and lockdown measures were implemented earlier," Wijffelaars from RaboReseacrh said.However, she added that the economic shock in the second quarter will be larger in Spain "as most heavily hit sectors such as tourism and hospitality are more important for the Spanish economy than for the Italian economy. Kate Preston is originally from London but moved to Spain in 1992Spain sees historic rise in unemployment as nearly 900,000 lose jobs since coronavirus lockdownEmail already exists. Despite the swathe of new unemployment, Spain’s jobless rate is still well below its 2013 peak of 26.94% when it was reeling from austerity measures in … Spain is facing one of its most complicated moments due to the COVID-19 outbreak in the country. to your comment. You can also choose to be emailed when someone replies
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.MADRID, SPAIN – APRIL 06: A butcher wearing a mask is seen working at the 'Carnes de Pedraza' Butcher in Alpedrete on April 06, 2020 in Madrid, Spain.Why we're facing the worst recession since the Great DepressionI expect the (Spanish) administration to prove pretty responsible when trying to get out of this crisis.Europe could start a gradual normalization by mid-2020, IMF says MADRID (Reuters) - Spain lost one million jobs between April and June, its biggest ever quarterly decline, as one of Europe’s strictest coronavirus lockdowns pulverised the tourism-dependent economy, official data showed on Tuesday. Log in to update your newsletter preferencesPlease The scenario appears to be … I am only worried about our health right now, and we are OK financially because we have Javier’s unemployment benefit,” said Lopez, who is Peruvian and has Spanish nationality.“But I have a friend with a child who just does occasional cleaning work and she is in a desperate situation.
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