Spanish Unemployment Rate Declined in the Second Quarter

07/29/2021 | 01:14am
Maria Martinez

By Maria Martinez

Spain's unemployment rate fell slightly in the second quarter of 2021 but remained at a high level as the labor market continued to suffer from the coronavirus pandemic and its related restrictions.

The country's unemployment rate declined to 15.26% in the second quarter from 15.98% in the previous quarter, Spanish statistics office INE said Thursday. Jobless claims fell by 110,100 in the quarter to a total of 3.54 million unemployed.

Tens of thousands of firms in Spain have signed up for a temporary program by which the government partially subsidizes workers wages to avoid job losses. These workers aren't included in the unemployment figures.

Employment registered an increase of 464,900 people in the second quarter, rising to a total of 19.67 million employed, INE said.

Write to Maria Martinez at maria.martinez@wsj.com

(END) Dow Jones Newswires

07-29-21 0314ET

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