fair.png
Friday July 30th, 2021 7:30PM

Spanish unemployment rises to 16.3% amid pandemic

By The Associated Press
Related Articles
  Contact Editor

MADRID (AP) — Spain says 355,000 more people were left unemployed in the third quarter, bringing the total jobless rate up to 16.3% from 15.3% in the previous three-month period as surging infections and new virus restrictions hurt economic development.

The National Statistics Institute said Tuesday the total number of people out of work now in Spain stood at 3.7 million.

Some 1 million people lost their jobs in the second quarter as the effects of lockdowns during the first virus wave crippled the economy. Many thousands of people are also on temporary furlough schemes paid by the government.

Spain was only just beginning to relish a recovery from the severe 2008-2013 financial crisis when the pandemic struck this year.

The government earlier this month unveiled plans to spend 140 billion euros ($162 billion) of European Union aid to reshape the economy, with the aim of creating 800,000 jobs over the next three years.

The Spanish government expects the country’s economy to contract 11.2% this year. In some sectors, such as tourism, the drop could be as much as 25%. Officials predict an unemployment rate of around 17% this year and next.

  • Associated Categories: Associated Press (AP), AP Health, AP World News, AP Business, AP Business - Careers, AP Business - Economy
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Worst place, worst time: Trump faces virus spike in Midwest
The coronavirus is getting worse in states that President Donald Trump needs the most
6:02AM ( 21 minutes ago )
Spanish unemployment rises to 16.3% amid pandemic
Spain says 355,000 more people have been left unemployed in the third quarter
6:00AM ( 24 minutes ago )
Biden goes on offense in Georgia while Trump targets Midwest
Joe Biden plans to use the final week before Election Day to go on offense, heading Tuesday to Georgia and planning travel that may put President Donald Trump on defense in other states he won four years ago
5:50AM ( 34 minutes ago )
Associated Press (AP)
Can I celebrate Halloween during the pandemic?
Health officials say Halloween traditions should look a little different this year to reduce the spread of COVID-19
3:05AM ( 3 hours ago )
The Latest: India's daily infections at lowest in 3 months
Authorities in India are reporting 36,470 newly confirmed coronavirus infections — that's the lowest one-day tally in more than three months in a continuing downward trend
12:28AM ( 5 hours ago )
The Latest: Ky. gov urges more care in hardest-hit counties
Kentucky’s governor is urging people in the state's counties hit hardest by the pandemic to take stricter steps to contain the spread of the coronavirus
8:22PM ( 10 hours ago )
AP Health
Taiwan says new arms purchases to boost credible defense
Taiwan says recent proposed purchases of U.S. missiles and other arms systems will boost the island's ability to credibly defend itself, amid rising threats from China
2:45AM ( 3 hours ago )
Asian shares slip after Wall St's worst day in a month
Shares have fallen in Asia after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month
2:29AM ( 3 hours ago )
Embattled Malaysian PM gets respite but survival in balance
A key ally’s reaffirmed support for Malaysia’s prime minister offers him a respite after his failed bid to declare a coronavirus emergency, but his political survival still hangs in the balance
2:28AM ( 3 hours ago )
AP Business
Belgium faces pivotal week as virus weighs on hospitals
Belgian authorities say the country faces a pivotal week in its struggle to limit the spread of the coronavirus
8:02AM ( 22 hours ago )
The Latest: Colorado Gov. Jared Polis self-quarantines
Colorado Gov. Jared Polis is quarantining himself after learning that Aurora Mayor Mike Coffman tested positive for the coronavirus
6:48PM ( 1 day ago )
Older workers face higher unemployment than midcareer peers
Older workers are facing higher unemployment than midcareer workers during the pandemic, according to a study released Tuesday from the New School
1:30PM ( 6 days ago )
AP Business - Careers
Stocks have their worst day in a month as virus cases surge
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight
5:14PM ( 13 hours ago )
US stocks tumble toward worst day in a month amid virus woes
Stocks are slumping in afternoon trading on Wall Street Monday and deepening last week’s losses
3:08PM ( 15 hours ago )
Low expectations in Mexico as US election approaches
A week before United States elections, expectations in Mexico are low
1:43PM ( 16 hours ago )
AP Business - Economy
Worst place, worst time: Trump faces virus spike in Midwest
The coronavirus is getting worse in states that President Donald Trump needs the most
6:02AM ( 22 minutes ago )
Biden goes on offense in Georgia while Trump targets Midwest
Joe Biden plans to use the final week before Election Day to go on offense, heading Tuesday to Georgia and planning travel that may put President Donald Trump on defense in other states he won four years ago
5:50AM ( 34 minutes ago )
The Latest: German area goes into de-facto virus lockdown
A second German district has gone into a de-facto lockdown as new coronavirus infections surge in the country and across Europe
5:46AM ( 38 minutes ago )
Pompeo, Esper drive US anti-China message in India visit
U.S. Secretary of State Mike Pompeo and Defense chief Mark Esper are stepping up the Trump administration's anti-China message in India, exactly a week ahead of America's presidential election
5:46AM ( 38 minutes ago )
Bomb at seminary in Pakistan kills 8 students, wounds 136
A powerful bomb blast has ripped through an Islamic seminary on the outskirts of the northwest Pakistani city of Peshawar, killing at least eight students and wounding 136 others
5:28AM ( 56 minutes ago )