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Coronavirus: Rate Of Unemployment Stands At 3.8 Million In Spain

A figure made available by the Spanish labour Ministry on Tuesday showed that the rate of unemployment rose by more than 282,000 in April.

According to the Ministry, the job loss is due to the collapse of tourism during the coronavirus lockdown.

The rate of unemployment in the country rose in March when the government counted more than 300,000 new job seekers.

The Ministry further revealed that the total number of unemployed in the euro zone’s fourth-largest economy has now reached 3.8 million.

Rate Of Unemployment Stands At 3.8 Million In Spain

The National Statistics Institute (INE), which calculated the figure declared that Spain’s jobless Stood at 3.31 million as at the end of March.

The tourism sector felt the blow more, given the devastating loss of visitors over the Easter period when the industry usually moves into high gear.

Rate Of Unemployment Stands At 3.8 Million In Spain

In April, the services sector in which tourism plays a vital role recorded 219,128 job losses.

The employment numbers began climbing after the imposition of lockdown to contain the spread of a virus which has now claimed more than 25,000 lives, making Spain one of the worst-hit countries in the world.

In the first quarter, Spain’s unemployment rate jumped to 14.4 per cent, figures from the National Statistics Institute (INE) showed last week.

You will recall that Spain imposed a nationwide lockdown on March 14 which has largely paralyzed its economy, sending the number of job seekers spiralling.

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