Monday, June 11, 2012

Spanish Unemployment

A primary metric that Spain bears will point to is that the unemployment rate in Spain is the highest among its peers.  The IMF quotes the rate at 19.7%, but it is often reported to be in the 25% range.  The methodology to calculate unemployment can vary widely from country to country, making it more difficult to compare the metric across countries.  In order to normalize the effect of differences in method, a broader employment to total population metric is shown below.  Spain fares slightly better on this basis.

No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at