End of lockdown fails to boost jobs market in Spain

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The end of the coronavirus lockdown in Spain failed to bring a surge in employment as government data showed that the 900,000 jobs lost at the pandemic's peak had not been regained, while the tourism sector has not yet returned to regular activity.

- The end of the coronavirus lockdown in Spain failed to bring a surge in employment as government data showed that the 900,000 jobs lost at the pandemic’s peak had not been regained, while the tourism sector has not yet returned to regular activity.

The number of registered jobless people had risen in May by 0.68%. Overall there were 847,197 more jobless people in June than in the same month a year ago.According to data from the Social Security Ministry, on average 68,208 new jobs were registered in June compared to May, but 161,500 people were fired on the last day of the month.

Although benefit spending data for last month is not yet available, in May, 5.52 billion euros was paid out in 6 million benefits, 3.3 for ERTE workers and 2.2 in jobless. The hospitality industry is the sector that has lost the most jobs yearly, with almost 300,000 jobs shed.

 

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Well, it's NOT magic. It takes time and also extreme CARE to make sure you're not leading to another lockdown. Nothing EASY about it. Wishing them and all countries lasting success, of course.

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