Unemployment in Spain: Will Job Creation Improve in 2014?
Spain is working on emerging from an economic slump, with job creation and housing as primary focuses. According to Reuters, Spanish Economy Minister Luis de Guindos said he expected unemployment to shrink and job creation to be “significant” as the economy shows improvement in the coming year.
“2014 will see the net creation of jobs, higher even than we predicted in September in the budget, and the jobless rate will fall,” Guindos told the news service. Spain officially left recession in the third quarter of 2013, but that doesn’t mean all is well quite yet. While Guindos may have hopeful things to say about the economy’s progression, polls show that public confidence in Spain is less than ideal.
A poll published in El Mundo and translated by Reuters shows that 71 percent of Spanish citizens surveyed said they didn’t think the economic crisis would really start clearing up until 2015. With a set of problems that sounds somewhat familiar to Americans, Spain has been dealing with the fallout from a burst housing bubble and a $56 billion bank bailout.