Spain unemployment rose 44.4K in August versus 19.5K prior

Spain's unemployment increased by 44.4K in August, more than double the previous month's 19.5K rise, signaling labour-market weakness in the eurozone's fourth-largest economy. EUR/USD traders should monitor this as softer EU employment data may pressure ECB rate-cut expectations ahead of Friday's flash PMIs, competing with hawkish Fed repricing.

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@titi_nwa · 2 weeks ago

This could also be a symptom of a system that relies on an underpaid workforce to function.

@precious123 · 2 weeks ago

They would rather hire undocumented ppl and underpay them instead of hire Spanish citizens and pay then right

@scooter_mx · 2 weeks ago

The left just keeps pushing the lie that the right wants to ban immigration. Sensible people demand legal, skilled and screened immigrants at numbers that mean they must adapt to the local customs, not force their foreign culture on the locals by sheer weight of numbers and government handouts. This was post war Europe up to the 1980's, not the mess the leaders have done in the last 30 years.

@segun_33 · 2 weeks ago

Cheap labor for multi-billion euro Corporations. Spanish workers not need to apply. The powerful rules the business world.

@dominykas · 2 weeks ago

So, is the the immigration to low-paying jobs is not good (enough) after all or what? Please quantify this somehow.

@segun_33 · 2 weeks ago

Labour shortage means two things. Everyone’s has a job. So not really a problem. Or they haven’t invested in native Spanish people.

@patrinova_athenia · 2 weeks ago

Spain is not a country with history and culture anymore. Just an economy

@robert_sondreli · 2 weeks ago

Immigrants are the solution

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