jobless rate

Spain’s Wandering Lost Generation

Alexander Ostrovsky

The domestic employment outlook remains just as frustrating as close to six million Spaniards are unemployed, with a startling 56.1 percent youth unemployment rate. The youth unemployment rate in Spain is twice what it is in the rest of the Eurozone, and with such little prospects in their home country, most are choosing to leave. In the first few years of the Spanish crisis most of the unemployed had chosen to remain in Spain and relied on two-year redundancy packages to survive. 

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