Published on : Monday, September 14, 2020
COVID times have affected pleasant moments in Spain. Unemployment, job loss and low tourism due to restrictions and pandemic health safety regulations are the new normal incidents. Ever since COVID outbreak people have lost jobs and security. Travel restrictions have affected on the economy and revenue generation. Downsizing and pay cut are still continuing, giving a sharp increase in the number of registered unemployment in Spain which reached its peak in August with the new outbreaks of coronavirus.
The 2nd wave of coronavirus attack further affected the employment scenario as companies were forced to decide on reducing employees. Travel restrictions imposed by the government, further impacted negatively on the present situation and travel recovery is a distant dream since lockdown. The number of unemployment people rose by 0.79% in August, adding the national total to 3.80 million and ending a positive trend that began in May when Spain began emerging from one of Europe’s strictest coronavirus lockdowns.
New job opportunities also reduced since August and only 6,822 people are working under a formal working contract. The lockdown prompted by the coronavirus erased some 900,000 jobs in March alone.
Though as the lockdown ended in late June, Spain tried reviving the economy gradually, but unfortunately with the new outbreaks of virus infection in late July and new regulations imposed on travel restrictions completely waved off all hopes for reviving business in the tourism sector. The travel restrictions by the European countries affected the situation and triggered unemployment. Most people are jobless.