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Unemployment In Spain Has Risen, And Taxes On The Rich Will Rise
Unemployment in Spain rose above 16 percent in the third quarter, reaching its highest level in 2.5 years. This was stated on Tuesday by the Spanish statistical office INE.
Yazar: Tom Roberts
Yayınlanma: 27 Ekim 2020 21:53
Güncellenme: 7 Kasım 2024 14:07
Unemployment In Spain Has Risen, And Taxes On The Rich Will Rise
Unemployment in Spain rose above 16 percent in the third quarter, reaching its highest level in 2.5 years. This was stated on Tuesday by the Spanish statistical office INE. The unemployment rate for July to September reached 16.26 percent compared to 15.33 percent for the second quarter of this year. The result is worse than expected by economists, who expected growth of only 15.9 percent. The published value also means the highest unemployment rate since the first quarter of 2018, when it reached 16.74 percent.As many as 40 percent of people under the age of 25 are out of work
The number of unemployed increased by 355,000 to 3.723 million. This is the strongest growth rate since 2012. The labor market has been affected by the new coronavirus pandemic, which has led to extensive quarantine measures. In addition, official figures do not include employees who had to stay at home to shut down a large number of companies. This means that the real number of people who did not work in the 3rd quarter is much higher. The current situation was largely reimbursed by young people. In the under-25 age group, the unemployment rate reached 40.45 percent in the third quarter. The reason for the unfavorable data for the third quarter is that this quarter includes a key tourist season and a number of Spaniards are employed in tourism-related services during this period. However, the spread of the new coronavirus has hit these services the hardest.The government is planning new taxes for the rich
The Spanish government has announced that it plans to increase taxes in its 2021 budget to large companies and wealthy people to finance greater welfare and infrastructure spending. The cabinet thus clarified some of its plans. Earlier this month, he warned that the economic downturn would be even worse this year due to the new coronavirus pandemic than he had originally feared, but he expected a strong turnaround in 2021. "This budget cannot be postponed. This budget is essential for the modernization and recovery of our economy," Prime Minister Pedro Sanchez said in a televised statement.İLGİLİ HABERLER
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