Spain’s unemployment rate has been significantly higher than the rest of the EU for decades. Recently it has dropped down to 11-12% but it has also had long stints of being 20%+ over the past two decades. Spain seems like it has a great geographical position, stable government, educated population with good social cohesion, so why is the unemployment rate so eye poppingly high?
In: Economics
There is a significant amount of
1) Seasonal work. Some people work 4 months in summer, live the rest of the year with that.
2) Unregistered work. Much of this summer work is done illegally/unregistered, so there is people who work, but are unemployed for statistics purposes.
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