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The number of unemployed in Spain grew at a record pace


April, 02 2020
watermark Economic news

According to official figures, the number of unemployed in Spain in March 2020 increased at a record pace compared to the previous month – by 302.3 thousand. Such leap was recorded amid the negative effects of the COVID-19 pandemic on the Italian economy.


In March the number of unemployed reached 3.548 million people, which is the highest since April 2017.


The number of unemployed in the service sector increased by 206 thousand, in the construction sector – by 59.55 thousand, in the industrial sector – by 25.19 thousand, in agriculture – by 6.52 thousand.


The number of unemployed among young people (less than 25 years old) increased by 26.11 thousand, and older – by 276.15 thousand.


Recall, according to April 2, in Spain 102 thousand cases of COVID-19 were confirmed.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.