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
The stats are misleading.
A lot of people which count as “unemployed” in the statistics actually have jobs. Getting unemployment subsidies while working on the side is fairly common. Either straight up 40 hours without contract, or doing trades work “in black”, or semi-legal hustles… there’s a lot of variety, but none of it shows up in the stats.
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