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Spain – Misery index scores high but jobs are up

12 July 2012

The so-called “misery index” in Spain has crept up significantly since the economic crisis, reaching 26.4% in the second quarter of the year, the Spanish association of private employment agencies (AGETT) said today.

The poverty rates in the Southern region of the country are particularly high in states such as Andalusia and Extremadura but lower in the Basque Country and the north-eastern region of Navarra. But Greece, Latvia, Italy and Portugal also rank high in the “misery index”, according to AGETT.

In new research published today, AGETT also estimates that the number of unemployed people in Spain in the second quarter of the year has increased by 6,000 although it suggests that the number of jobs in the period has simultaneously grown by 52,000. But AGETT warned that the latter number was “inferior” when compared to earlier quarters. 

AGETT said that the second-quarter jobless rate floated at around 24.4%, following the announcement by the EU’s statistics body, which recently reported that unemployment in May reached 24.6%, the highest in the EU.  

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