Spain sheds record number of jobs in second-quarter as COVID-19 bites

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Spain sheds record number of jobs in second-quarter as COVID-19 bites
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Spain lost one million jobs between April and June, its biggest ever quarterly decline, as one of Europe's strictest coronavirus lockdowns pulverised the tourism-dependent economy, official data showed on Tuesday.

MADRID - Spain lost one million jobs between April and June, its biggest ever quarterly decline, as one of Europe’s strictest coronavirus lockdowns pulverised the tourism-dependent economy, official data showed on Tuesday.

The National Statistics Institute said unemployment rose from 14.41% the previous quarter to a two-year high of 15.33% - but that masked the extent of the crisis by leaving out people on furlough and those not meeting technical jobless criteria. The destruction of jobs was highest for people on temporary contracts, women and people aged 16-24, de la Cueva said.

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