MADRID – Spanish unemployment rate to ‘skyrocket’

Unemployment in Spain will rise to 20% in the case of another COVID-19 outbreak, according to the OECD. As a consequence of the collapse of GDP, the calculations indicate that the unemployment rate will rise from around 14% at the end of 2019 to 19.2% at the end of this year, in the main scenario, but could in the end skyrocket to 20.1% in the case of a second outbreak.

In May, unemployment in Spain was the second-highest of the OECD countries, only surpassed by Colombia, touching 15% of its active population.

At the same time, the OECD highlighted how the prospects for the youngest are very difficult since the job offers published online in Spain have fallen by 40% compared to previous levels.

The organisation finds that the pandemic has wiped out the progress of a decade in three months. More in La Vanguardia.

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