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Europe — 42% of jobs lost in the EU since 2008 were lost in Spain

28 July 2010

The latest European Labour Market Index (Euroindice Laboral), on seven European Union (EU) countries, published by IESE Business School on behalf of staffing agency Adecco Spain reveals that 42% of the 4.7 million jobs lost in the EU since Q1 2008 were lost in Spain.

25% of the 2.5 million lost jobs for the under-25 year olds in the EU since Q1 2008 were equally lost in Spain.

Youth unemployment in Spain is forecast at 41.5% in Q3 2010. An increase of +2.9 percentage points compared to Q3 2009. The average unemployment rate in the other countries researched is forecast at 22.1%.

The analysis forecasts that Spain will continue to have one of the highest rates of unemployment in Europe in Q3 2010 (19.8%) followed by Portugal (10.1%), France (9.4%), Poland (8.8%), Italy (8.2%), the UK (8%) and Germany (7.6%).

To read the full analysis in Spanish language please click here



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