The number of long-term unemployed, namely those who have been searching for a job for a year or more, has quadrupled since the financial crisis began in Spain some five years ago and now accounts for over 50% of the ttal which, in June, stood at 5.963 million. This equates to 24% of the working population, more than double the EU average.
There has also been a significant increase in the number of over 55’s joining the ranks of the unemployed, many for the first time leading to the conclusion that many are seeking work to compensate for the unemployment of other family members.
Youth unemployment continues at over 50%.