Why does Spain have such a high youth unemployment rate?

Much of the blame lies in deep-seated domestic problems. The country has the European Union’s highest rate of precarious temporary contracts; the highest rate of high school drop outs and among the highest portions of low-skilled workers.

What is the unemployment rate in Spain 2021?

15.26 percent
At a rate of 15.26 percent in the second quarter of 2021, Spain was one of the countries with the highest unemployment rates in the European Union.

What is the unemployment rate in Spain in 2020?

15.67 percent
Unemployment rate in Spain 2020 This statistic shows the unemployment rate in Spain from 1999 to 2020. In 2020, the unemployment rate in Spain was 15.67 percent.

Which country has the highest youth unemployment rate?

The youth unemployment rate of South Africa was nearly 56 percent in 2020, the highest of any G20 country. Italy followed with a youth unemployment rate of close to 30 percent….Youth unemployment rate of G20 countries in 2020.

Characteristic	Youth unemploymet rate
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Why Spain has so high unemployment?

Causes. Spain suffers a high level of structural unemployment. Since the economic and financial crisis of the 1980s, unemployment has never dipped below 8%. One leading cause is an economy based mostly on tourism and building sectors, as well as lack of industry.

Why is youth unemployment so bad?

The contributing factors to this high rate of global youth unemployment are largely due to the lack of job opportunities but also include barriers to entering the labor market, like limited work experience and the increasing size of the population itself – worldwide, there are approximately 1.3 billion young people …

How much is unemployment benefit in Spain?

The amount received as unemployment benefit is established according to the average salary for which you have made contributions (not counting overtime) during the 6 months prior to becoming unemployed. During the first 180 days of unemployment, you will receive 70% of that average and then 50%.

Why is youth unemployment so high?

Reasons for youth unemployment This is for two main reasons. Firstly, young people often have little or no labour market experience, and frequently lack relevant skills. They move between joblessness, training and working, and are more likely to enter temporary and insecure employment.

Is unemployment bad in Spain?

Spain suffers a high level of structural unemployment. Since the economic and financial crisis of the 1980s, unemployment has never dipped below 8%. In the last thirty years, the Spanish unemployment rate has hovered around double the average of developed countries, in times of growth and in times of crisis.