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Spain tops EU unemployment for 33 straight months
Spain leads EU unemployment at 11.3%: 33 consecutive months without losing first place. The official figure clashes with the debate over real unemployment.
Spain logs 33 straight months as the EU's unemployment leader
Spain has now spent 33 consecutive months with the highest unemployment rate in the European Union. The latest Eurostat data, reported by Euronews, put Spanish unemployment at 11.3%, ahead of Greece (9.5%) and Sweden (8.4%). The figure, double the EU average, clashes head-on with the official economic recovery narrative put forward by the Spanish Government.
The leadership nobody wants: Eurostat's figures
The European comparison leaves no room for doubt: Spain is the eurozone country with the highest unemployment. The gap with Greece, next on the list, is now more than two percentage points. And what is most uncomfortable for the government is that this leadership has held month after month for almost three years. It is not a cyclical blip, it is a structural trend.
The fact that Sweden, with a different welfare model, also appears on the unemployment podium adds nuance. But even that relative consolation does not hold up: the Spanish rate is double the EU average, and female unemployment in Spain is also the highest.
The debate over the real figures: how many unemployed are there?
The discussion about the reliability of the statistics is one of the pillars of the analysis. Some argue that real unemployment is considerably higher than the official figure. The arguments point to permanent-seasonal workers, who receive benefits but are not counted as unemployed, and to the growing pool of inactive people who have stopped looking for work. On this reading, the real rate could be approaching the high double digits or even exceed 15%.
On the other side are those who consider the figures essentially correct and the problem one of comparison: Greece, with a much smaller economy, has done its homework faster. Reality, as almost always, lies in the middle: the official figure is what it is, but it does not tell the whole story.
Some analyses have compared unemployment figures across Spain's autonomous regions and found inconsistencies that do not fit the overall picture. The region-by-region breakdown casts doubt on the reliability of the official statistics.
GDP growth and jobs: the Spanish paradox
The Government boasts of economic growth, and it is true that GDP is advancing. However, that growth is not translating into sufficient job creation. The most common explanation points to precariousness: jobs are being created, but of low quality and with wages that do not allow people to get ahead. Others point out that public employment has grown on the back of debt financing, which will take its toll sooner or later.
The paradox deepens with the arrival of immigrants. While Spain leads on unemployment, some sectors say they cannot find workers. The contradiction fuels the debate over whether the labour market needs more workers or whether, simply, there is a problem of incentives and wages.
The analysis always gets stuck on the same stumbling block: if the official figures do not reflect reality, the entire recovery narrative wobbles. And in the meantime, the unemployment leadership remains Spanish. The 33-month figure, which some have tried to wrap in symbolism, is far more prosaic: almost three years on the list of shame with no clear way out in sight.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (56 replies).
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