Employment Spain revalidates its position as the country with the most unemployment in the OECD and the second with the most youth unemployment

Spain continues to be the country with the highest unemployment in the entire OECD, registering at the end of February -the last month for which standardized data is available- an unemployment rate of 12.8%, the highest of the 38 economies that make up the OECD. organization.

This doubles the average unemployment rate for the Eurozone, which stands at 6.6%, and that of the European Union, at 6%; while it triples that of the G7 average, of 4%, and almost that of the OECD, of 4.8%. Next on the list is Greece, with an unemployment rate of 11.4%, followed by Colombia, with 10.6%, and Turkey, with 10%.

Our country is the one with the highest percentage of the population out of total assets that, wanting to work, does not find a job, something that is especially worrying among those under 25 years of age.

Youth unemployment in Spain stood at 29.3% at the end of February, the second highest in the OECD only behind Greece, where it stands at 29.7%. Until recently, our country was in third place, also behind Costa Rica, but that Central American country closed 2022 with an unemployment rate among young people of 28.9%.

Despite the fact that this is a very large figure, Spain has improved in its levels of youth unemployment, since in 2021 this indicator stood at 35%. The Second Vice President of the Government, Yolanda Díaz, boasted of this decrease precisely this Tuesday, when announcing that the 2,800 million that are going to be distributed among the autonomous communities to develop active employment policies will focus especially on the long-term unemployed (of more than 45 years) instead of young people, among other things because of this improvement.

Although Spain is the leader in unemployment rate, the situation among women is not the most serious in the OECD, since while our female employment rate is 14.5% at the end of February, in Greece it stands at 15, 8%

Among men, however, Spain is the leader in unemployment, with a rate of 11.3%. The next highest is that of the Turks, at 8.7%.

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