Spain saw a sharp fall in new jobless claims last month

Spain recorded a steep decrease in new unemployment claims in May, as the country emerged from coronavirus confinement measures that shuttered businesses across the nation and put hundreds of thousands of people out of work.

There were 26,573 new jobless claims in May, far fewer than the increases of 282,891 in April and 302,265 in March, according to data released by Spain’s Labor Ministry today.

In a sign of modest economic improvement, the construction and manufacturing sectors recorded slight declines in jobless claims in May.

There are now a total of 3,857,776 unemployed in Spain. However, this doesn’t include another��3.7 million people using the government’s “ERTE” temporary furlough scheme, during the coronavirus crisis, and who are not counted among the unemployed.

ERTE is a legal mechanism allowing temporary layoffs during extraordinary events, such as the Covid-19 crisis

Spain saw a sharp fall in new jobless claims last month

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