Spain unemployment falls to lowest since 2009

Share This corresponds to an extra 428,500 public sector jobs since 2015.Read more: Eurozone youth unemployment rises sharply despite wider EU fallsAlong with Greece, Spain was one of the hardest hit large European economies as the Eurozone debt crisis hit. Unemployment peaked at well over a quarter of the labour force in 2013, when the EU was forced to bail out its banks. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteabley Unemployment in Spain has fallen to its lowest point since 2009, as the economy continues its slow recovery.The jobless rate fell to 18.63 per cent in the fourth quarter of 2016, capping a fall in unemployment of more than two percentage points over the year, according to Spain’s National Institute of Statistics (INE). Greece’s total unemployment is still higher, at 23 per cent of the labour force. However, Spain’s young people are still suffering heavily from the crisis, with a still staggering youth unemployment rate of 44.4 per cent, even higher than Greece. The UK, in contrast, has a youth unemployment rate of 12.8 per cent, while Germany’s is only 6.7 per cent.Read more: Euro unemployment below 10 per cent for first time since 2011The damage caused by this high youth unemployment is expected to affect growth prospects in the long term for the nation.This scarring effect, in which damage done to the economy weighs on long-term prospects, is known as hysteresis by economists. Some economists expect this to affect Spain’s productivity as skills are not developed in early careers, and therefore the country’s future growth potential. Spain unemployment falls to lowest since 2009 Jasper Jolly Thursday 26 January 2017 12:59 pm whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com