Spain has reason to be concerned at its latest unemployment figures

Spain has suffered from a persistent unemployment problem since the financial crisis, with the unemployment rate remaining stubbornly above 20 per cent. Jose G. Montalvo writes on the release of the latest Spanish unemployment figures, which saw the unemployment rate increase in the first quarter of 2015. He notes that while the latest figures have to be put against the backdrop of an overall reduction in unemployment during the last two years, there are nevertheless strong reasons for concern over the future trajectory of the Spanish labour market.