The unemployment rate reach the peak
The total number of unemployed in Spain is 2.83 million in 2022, which is the lowest unemployment force since 2007. By gender, female unemployment fell by 37,411 women compared with November 2022, to a total of 1,690,148; while male unemployment fell by 6,316 to 1,147,505.
However, Spain doesn’t suffer from a labor shortage like in the United States, but the worse issue is a rigid labor market controlled by debilitating regulations. To be precise, the Organization for Economic Cooperation and Development (OECD) generates an index that shows non-English members are far more targeted than their English-speaking counterparts, such as the United States, Great Britain, and Canada. Countries like Spain, France, and Italy have greater Employment Protection Legislation (EPL) that limits employers from hiring and firing workers.
The wide gap between these types of labor markets mostly affects immigrants and young, unskilled workers, since they are most likely to work on temporary contracts. These labor law has shown why so many Spanish workers have become discouraged and quit their job. They know that even if they are to get a job, it is only short-term, and they will have to spend more time searching for another transient and insecure job.
