Coronavirus Live: France “Must Live with the Virus”, Says French Prime Minister, Explaining End of Lockdown | News from the world


The economic crisis precipitated by closings to curb the spread of the coronavirus is starting to bite around the world. In some places, it’s more apparent than Spain, where figures show that the unemployment rate rose to 14.4% in the first quarter of 2020.

The unemployment rate was up from 13.8% in the previous quarter, its lowest level since the third quarter 2008 but still the highest rate in the euro area after Greece, reports the AFP.

“This increase reflects the effect of Covid-19,” Secretary of State for the Economy Ana de la Cueva said at a press conference, adding that the increase in unemployment was concentrated in the sector services and among workers on temporary contracts.

Spain has been in detention since March 14.

The number of unemployed increased by 121,000 to 3.31 million at the end of March, according to the statistics office.

But the figure could actually be higher since the INE said that many workers who lost their jobs were classified as “inactive” because the survey to determine the unemployment rate was disrupted by the closure.

The unemployment rate also does not include the estimated 3.9 million workers who, according to the government, have been temporarily laid off.


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