Spain Unemployment Hit 16.26% Amid COVID-19 Fallout
October 27, 2020
5:51 pm
Spain’s unemployment rate jumped to 16.26 percent in the third quarter as the country’s tourism-dependent economy was ravaged by the coronavirus pandemic, official data showed Tuesday.
The reading for the July-September period compares with a jobless rate of 15.3 percent for April to June in the eurozone’s fourth-largest economy, national statistics office INE said in a statement.
There were an additional 355,000 people out of work in Spain in the third quarter, still an improvement over the second quarter when over a million jobs were lost, mainly in the tourism sector.
The number of total unemployed stood at 3.7 million …
