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Jobs growth yet to join the recovery in Spain

2015-04-23 16 Dailymotion

Spain’s economy may be showing signs of recovery but there was no corresponding improvement in unemployment in Q1 say the latest figures from the National Statistics Institute.<br /><br /> Unemployment rose slightly, to 23.78%. Only Greece is worse.<br /><br /> Many analysts had expected the jobs market to be more buoyant at this stage of Spain’s economic recovery, which has been boosted by falling oil prices and a weaker euro.<br /><br /> Some figures, however, point in another direction. On a yearly basis, employment growth in the first quarter was sharper than expected, and the government believes one million jobs can be created this year.

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