Financial News: Spain Unemployment Rate Rises In Q1

Spain Unemployment Rate Rises In Q1

04/26/2024 - 08:58:00 (RTTNews)

(RTTNews) - Spain's unemployment rate increased at the start of the year, quarterly data from the statistical office INE revealed on Friday.

The unemployment rate rose to 12.29 percent in the first quarter from 11.8 percent in the previous quarter.

The number of unemployed increased 117,000 to 2.98 million. Compared to last year, unemployment decreased 208,500.

At the same time, employment decreased by 139,700 from the previous quarter to 21.25 million.

Unemployment increased the most in services, which was up by 128,600. In industry, unemployment rose by 28,900 and construction posted an increase of 26,700. The figure was almost unchanged in the farm sector.

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