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Spain's Unemployment Rises Amid Economic Challenges in January

2/6/2025

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Summary

Spain's Unemployment Rise

Spain's unemployment increased by 1.5% in January, with 38,725 new claims, significantly below the historical average.
The services sector experienced the most job losses, and youth unemployment rose by 1.4%.
Total employment held steady at a record high of 21,095,814 for January.
The government is focused on improving job stability for women and youth amid economic challenges.

Summary

New Zealand's Unemployment Surge

New Zealand's unemployment reached 5.1% in Q4 2024, the highest level since September 2020, with 156,000 individuals unemployed.
Employment decreased by 32,000 over the past year, the largest annual drop since 2009.
The labour force participation rate declined to 71%, signaling more individuals exiting the workforce.
Wage growth slowed to 3.3%, down from 4.3% in 2023, highlighting economic difficulties.
Experts anticipate ongoing job market challenges into 2025 due to high interest rates and decreased consumer spending.

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Spain's Unemployment Rise

Spain's unemployment increased by 1.5% in January, with 38,725 new claims, significantly below the historical average.
The services sector experienced the most job losses, and youth unemployment rose by 1.4%.
Total employment held steady at a record high of 21,095,814 for January.
The government is focused on improving job stability for women and youth amid economic challenges.

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