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Coronavirus deals heavy blow to Spain s labor market

MADRID, Jan. 28 (Xinhua) The coronavirus pandemic dealt a heavy blow to the labor market in Spain in 2020, costing a total of 622,600 jobs and raising the unemployment rate to 16.13 percent, according to the Economically Active Population Survey (EAPS) published by the Spanish Statistical Office on Thursday. Ending six years of job creation, 3,719,800 people were out of work in Spain at the end of 2020, while 19,344,300 people were employed. The 16.13 percent unemployment rate is the highest since 2017, when it stood at 16.55 percent. All of the sectors of the Spanish economy except construction suffered job losses, but the service sector was the hardest hit, with the loss of 537,100 jobs due mainly to the restrictions imposed on bars and restaurants and to the pandemic s effects on the tourism sector.

Coronavirus deals heavy blow to Spain s labor market - World News

2021-01-28 17:36:04 GMT2021-01-29 01:36:04(Beijing Time) Xinhua English MADRID, Jan. 28 (Xinhua) The coronavirus pandemic dealt a heavy blow to the labor market in Spain in 2020, costing a total of 622,600 jobs and raising the unemployment rate to 16.13 percent, according to the Economically Active Population Survey (EAPS) published by the Spanish Statistical Office on Thursday. Ending six years of job creation, 3,719,800 people were out of work in Spain at the end of 2020, while 19,344,300 people were employed. The 16.13 percent unemployment rate is the highest since 2017, when it stood at 16.55 percent. All of the sectors of the Spanish economy except construction suffered job losses, but the service sector was the hardest hit, with the loss of 537,100 jobs due mainly to the restrictions imposed on bars and restaurants and to the pandemic s effects on the tourism sector.

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