The true level of unemployment in Spain

Viewing 44 reply threads
  • Author
    Posts
    • #56927
      Anonymous
      Participant

      Currently the official unemployment rate in Spain stands at 24% but is the real unofficial level of unemployment in Spain much higher? The reason why I ask this question is that government statistics such as the inflation rate, unemployment rate, growth figures all tend to get massaged or manipulated to look better that what they really are in both Britian and Spain. For instance, in Britain the official unemployment rate is about 10% of the workforce but in realilty so many people who are out of work are not included in the official figures because they are on incapacity benefit or because they have given up looking for work altogether or are not elegibile to sign on because they have too much savings etc.. I reckon that the true unemployment rate in Britain is almost certainly double what the official figure is and is therefore more like around 20% rather then the official 10%. Therefore, given that spain’s official unemployment rate stands at 24% I reckon that the true unemployment rate in Spain is more double this and in reality stands at 48% which means that one in two of the workforce is out of work.

      If this correct then it is truely a stuff of revolution and a revolution is in the making in Spain as things are only likely to get alot worse for the economy, especially when Spain will inevitably drop out of the Euro and reverts back to the Peseta, resulting in a massive devaluation in the currency and a subsequent steep rise in inflation and interest rates.

    • #110581
      Anonymous
      Participant

      ” Euro and reverts back to the Peseta”
      You seem to know something that we dont. Tell us more ???

    • #110881
      Anonymous
      Participant

      ” Euro and reverts back to the Peseta”
      You seem to know something that we dont. Tell us more ???

    • #110587
      Fuengi (Andrew)
      Participant

      ahhh, but since we think the spanish government is less trustworthy that the Uks, maybe they only admitted to a third! The unemployment rate is probably closer to 72%!. Only one worker in 4, is probably working. The revolution has starting, shootings on the street, politicians being strung and quartered, they are just not posting it in the media!!.

    • #110887
      Fuengi (Andrew)
      Participant

      ahhh, but since we think the spanish government is less trustworthy that the Uks, maybe they only admitted to a third! The unemployment rate is probably closer to 72%!. Only one worker in 4, is probably working. The revolution has starting, shootings on the street, politicians being strung and quartered, they are just not posting it in the media!!.

    • #110623
      DBMarcos99
      Participant

      Most informed articles you see state that the unemployment figures are overstated – often those on the list are working black (people always say the black economy is larger in Spain although I sometimes wonder how they know…)

      Still, at least the unemployment rate has come down over the last 3 months running. Of course you’d expect better news at this time of year, especially as the tourist numbers are proving so resilient, but it’s still good news – wasn’t June’s figures the biggest drop on record? More of that, please.

    • #110923
      DBMarcos99
      Participant

      Most informed articles you see state that the unemployment figures are overstated – often those on the list are working black (people always say the black economy is larger in Spain although I sometimes wonder how they know…)

      Still, at least the unemployment rate has come down over the last 3 months running. Of course you’d expect better news at this time of year, especially as the tourist numbers are proving so resilient, but it’s still good news – wasn’t June’s figures the biggest drop on record? More of that, please.

    • #110629
      angie
      Blocked

      Unemployment to continue rising through 2013 according to OECD for the Eurozone, Spanish drop reckoned to be normal seasonal drop due to tourist season 😉

      http://www.egovmonitor.com/node/52255

      🙄 🙄

    • #110929
      angie
      Blocked

      Unemployment to continue rising through 2013 according to OECD for the Eurozone, Spanish drop reckoned to be normal seasonal drop due to tourist season 😉

      http://www.egovmonitor.com/node/52255

      🙄 🙄

    • #110633
      DBMarcos99
      Participant

      @angie wrote:

      Unemployment to continue rising through 2013 according to OECD for the Eurozone, Spanish drop reckoned to be normal seasonal drop due to tourist season 😉

      http://www.egovmonitor.com/node/52255

      🙄 🙄

      So a “record drop” is normal? Wise up!

      I’ve heard it said that it may be down to a change in the law on domestic workers though.

    • #110933
      DBMarcos99
      Participant

      @angie wrote:

      Unemployment to continue rising through 2013 according to OECD for the Eurozone, Spanish drop reckoned to be normal seasonal drop due to tourist season 😉

      http://www.egovmonitor.com/node/52255

      🙄 🙄

      So a “record drop” is normal? Wise up!

      I’ve heard it said that it may be down to a change in the law on domestic workers though.

    • #110635
      angie
      Blocked

      And if you believe Spanish Ministerial figures, Wise Up 😆

    • #110935
      angie
      Blocked

      And if you believe Spanish Ministerial figures, Wise Up 😆

    • #110638
      DBMarcos99
      Participant

      @angie wrote:

      And if you believe Spanish Ministerial figures, Wise Up 😆

      Ah – so it’s fine to believe figures when they support your “find fault with Spain” argument, but they are not to be believed when the tide turns…

      Your emotional attachment to talking down a country of 48 million people really will not do you any mental good.

      I fear you’re going to be knocking your head against the wall over the next years. These things come in cycles, and many economic pundits are predicting Spain will eventually come out of this a lot stronger.

      http://www.thecorner.eu/2012/07/recession-euro-area-milder-2008-lgim/

      “Spain is often spoken of as the next Greece, but this isn’t the case. While Spain’s public debt is rising as the economy undergoes a recession, at least the private sector is no longer borrowing. And by next year we expect exports to exceed imports and external interest payments, which effectively means Spain becomes self-financing,”

    • #110938
      DBMarcos99
      Participant

      @angie wrote:

      And if you believe Spanish Ministerial figures, Wise Up 😆

      Ah – so it’s fine to believe figures when they support your “find fault with Spain” argument, but they are not to be believed when the tide turns…

      Your emotional attachment to talking down a country of 48 million people really will not do you any mental good.

      I fear you’re going to be knocking your head against the wall over the next years. These things come in cycles, and many economic pundits are predicting Spain will eventually come out of this a lot stronger.

      http://www.thecorner.eu/2012/07/recession-euro-area-milder-2008-lgim/

      “Spain is often spoken of as the next Greece, but this isn’t the case. While Spain’s public debt is rising as the economy undergoes a recession, at least the private sector is no longer borrowing. And by next year we expect exports to exceed imports and external interest payments, which effectively means Spain becomes self-financing,”

    • #110641
      angie
      Blocked

      😆 😆 😆 😆

      I’ve never believed the figures that come out of Spain’s Government, I fear you’re talking a lot of cojones if you believe them, however I do accept many of the economists’ and unattached’s figures.

      One day Spain will start to as well as recover to an extent, but with record unemployment and record unsold housing stock that ain’t going to happen ‘soon’ as you bang on 😆 😆

    • #110941
      angie
      Blocked

      😆 😆 😆 😆

      I’ve never believed the figures that come out of Spain’s Government, I fear you’re talking a lot of cojones if you believe them, however I do accept many of the economists’ and unattached’s figures.

      One day Spain will start to as well as recover to an extent, but with record unemployment and record unsold housing stock that ain’t going to happen ‘soon’ as you bang on 😆 😆

    • #110649
      katy
      Blocked

      I think we should discuss Spain’s unemployment figures at the end of October :mrgreen:

    • #110949
      katy
      Blocked

      I think we should discuss Spain’s unemployment figures at the end of October :mrgreen:

    • #110653
      DBMarcos99
      Participant

      @katy wrote:

      I think we should discuss Spain’s unemployment figures at the end of October :mrgreen:

      Fine by me, but you just said you didn’t believe the figures 😆

      Classic case of trying to have your cake and eat it. If you don’t believe the figures, why then choose October as the figures you will believe 🙄

    • #110953
      DBMarcos99
      Participant

      @katy wrote:

      I think we should discuss Spain’s unemployment figures at the end of October :mrgreen:

      Fine by me, but you just said you didn’t believe the figures 😆

      Classic case of trying to have your cake and eat it. If you don’t believe the figures, why then choose October as the figures you will believe 🙄

    • #110662
      Anonymous
      Participant

      It was Angie that said she didnt believe the figures.

      Katy said the figures are better interpreted in Oct, when all the tourists leave…

    • #110962
      Anonymous
      Participant

      It was Angie that said she didnt believe the figures.

      Katy said the figures are better interpreted in Oct, when all the tourists leave…

    • #110665
      angie
      Blocked

      I noticed he confused us two (me and katy) Hybrid 😆

    • #110965
      angie
      Blocked

      I noticed he confused us two (me and katy) Hybrid 😆

    • #110666
      Anonymous
      Participant

      unemployment figures fall all the time without people getting jobs, they are just not receiving benifits anymore as their allowance has run out

    • #110966
      Anonymous
      Participant

      unemployment figures fall all the time without people getting jobs, they are just not receiving benifits anymore as their allowance has run out

    • #110667
      angie
      Blocked

      Good point dartboy 😉

      Hence the reason no-one can believe Spanish Government figures, they’re massaged like those of many countries only I would think by a lot more in Spain 😉

    • #110967
      angie
      Blocked

      Good point dartboy 😉

      Hence the reason no-one can believe Spanish Government figures, they’re massaged like those of many countries only I would think by a lot more in Spain 😉

    • #110668
      DBMarcos99
      Participant

      @angie wrote:

      I noticed he confused us two (me and katy) Hybrid 😆

      Well not really – you both sing from the same hymn sheet. When you send pms to each other do you discuss your latest tactics?

      Here’s what Katy said (!) on the Swedes thread

      Yes I really would question them, there are many other stats that conflict with these. There are no accurate figures coming out of Spain.

      You’re both guilty of trying to have your cake and eat it. Believe the figures when bad (no good crying, but it was on OlivePress or another site – where do you think they get their figures???), but discount them when the figures improve… No point discussing figures with that attitude?

      Still, not long now before you accuse the new poster Hybrid of being an agent or an imposter… that’s what you normally do, isn’t it Angie?

    • #110968
      DBMarcos99
      Participant

      @angie wrote:

      I noticed he confused us two (me and katy) Hybrid 😆

      Well not really – you both sing from the same hymn sheet. When you send pms to each other do you discuss your latest tactics?

      Here’s what Katy said (!) on the Swedes thread

      Yes I really would question them, there are many other stats that conflict with these. There are no accurate figures coming out of Spain.

      You’re both guilty of trying to have your cake and eat it. Believe the figures when bad (no good crying, but it was on OlivePress or another site – where do you think they get their figures???), but discount them when the figures improve… No point discussing figures with that attitude?

      Still, not long now before you accuse the new poster Hybrid of being an agent or an imposter… that’s what you normally do, isn’t it Angie?

    • #110670
      angie
      Blocked

      Off he goes again 😆 😆

      Now Stevie aka DBM you are the one who wants his cake and eat it methinks:

      You’ve lived and worked in Spain Tefl for a short while, didn’t work out so back to Blighty.

      You want to live in Spain again, not sure if it’s Madrid or Valencia or somewhere else, a bit like your multiple aliases it’s lurching somewhat.

      You know unemployment in Spain is 3 times that of UK’s which makes it difficult to get a job at best of times but since you’re wrong side of 50 even worse.

      You talk the Spanish economy and market up but insist it’s a good time to buy for others whilst hoping prices keep falling for your benefit.

      You like the UK so much that if you are brave enough to make a move to Spain, you want an area say of Madrid with English style gardens and greenery with mountain views in the suburbs, whilst at the same time a short stroll to an Irish Pub, you can’t leave Blighty and it’s familiarity can you? Let’s face it, you don’t know what you really want do you?

      In psychological terms this is a classic case of ‘looping’ you keep going round in circles 🙄

      Not forgetting that you say something and mean another, quote ‘I will ignore you from now on’ but you can’t can you, and then you let yourself down by name calling and trying to say others have multiple aliases too? What are you like? 🙄

    • #110970
      angie
      Blocked

      Off he goes again 😆 😆

      Now Stevie aka DBM you are the one who wants his cake and eat it methinks:

      You’ve lived and worked in Spain Tefl for a short while, didn’t work out so back to Blighty.

      You want to live in Spain again, not sure if it’s Madrid or Valencia or somewhere else, a bit like your multiple aliases it’s lurching somewhat.

      You know unemployment in Spain is 3 times that of UK’s which makes it difficult to get a job at best of times but since you’re wrong side of 50 even worse.

      You talk the Spanish economy and market up but insist it’s a good time to buy for others whilst hoping prices keep falling for your benefit.

      You like the UK so much that if you are brave enough to make a move to Spain, you want an area say of Madrid with English style gardens and greenery with mountain views in the suburbs, whilst at the same time a short stroll to an Irish Pub, you can’t leave Blighty and it’s familiarity can you? Let’s face it, you don’t know what you really want do you?

      In psychological terms this is a classic case of ‘looping’ you keep going round in circles 🙄

      Not forgetting that you say something and mean another, quote ‘I will ignore you from now on’ but you can’t can you, and then you let yourself down by name calling and trying to say others have multiple aliases too? What are you like? 🙄

    • #110673
      katy
      Blocked

      I put him a bit younger 😀 Curious to know what he does for a living as when he is not on fora he is scanning the internet for good news about Spain….unless that’s what he is paid to do 😉

    • #110973
      katy
      Blocked

      I put him a bit younger 😀 Curious to know what he does for a living as when he is not on fora he is scanning the internet for good news about Spain….unless that’s what he is paid to do 😉

    • #110675
      angie
      Blocked

      Say’s he’s 53 katy, not much chance of him getting a job in Spain even if he does take a leap of faith assuming he can financially!

      😆

    • #110975
      angie
      Blocked

      Say’s he’s 53 katy, not much chance of him getting a job in Spain even if he does take a leap of faith assuming he can financially!

      😆

    • #110677
      DBMarcos99
      Participant

      Poor old Katy and Angie. Determined to always see the bad side of Spain. Any news or facts that show good news is instantly to be dismissed by a ) stating they don’t believe the figures (but funnily enough they are happy to believe the bad figures) b ) always, always accuse the poster of being something else – maybe an agent, maybe someone mysteriously paid to enter good news on a small forum.

      Keep it up – you really are both entertaining. However it does distract from genuine info we can get here from posters like Chopera and that American guy in Barcelona – they live there and know what’s really happening.

    • #110977
      DBMarcos99
      Participant

      Poor old Katy and Angie. Determined to always see the bad side of Spain. Any news or facts that show good news is instantly to be dismissed by a ) stating they don’t believe the figures (but funnily enough they are happy to believe the bad figures) b ) always, always accuse the poster of being something else – maybe an agent, maybe someone mysteriously paid to enter good news on a small forum.

      Keep it up – you really are both entertaining. However it does distract from genuine info we can get here from posters like Chopera and that American guy in Barcelona – they live there and know what’s really happening.

    • #110680
      katy
      Blocked

      I feel sorry for the UK company who employing you now, spending all day on the web! You will have to do a bit better than that when you get a job in Spain 😆

    • #110980
      katy
      Blocked

      I feel sorry for the UK company who employing you now, spending all day on the web! You will have to do a bit better than that when you get a job in Spain 😆

    • #110681
      angie
      Blocked

      Pathetic, Stevie aka DBM, look at your profile posted earlier, it’s you who are the entertaining one, nay, hilarious one 😆 😆

      Make your mind up, do you want to move to Spain or not, do you want to leave British familiarity behind or not, can you leave financially yet, do you need a job first, sort your preferable location out first, stop going round in circles, you’re a hoot ?:lol:

    • #110981
      angie
      Blocked

      Pathetic, Stevie aka DBM, look at your profile posted earlier, it’s you who are the entertaining one, nay, hilarious one 😆 😆

      Make your mind up, do you want to move to Spain or not, do you want to leave British familiarity behind or not, can you leave financially yet, do you need a job first, sort your preferable location out first, stop going round in circles, you’re a hoot ?:lol:

    • #110683
      DBMarcos99
      Participant

      Again – Keep it up – you really are both entertaining. However it does distract from genuine info we can get here from posters like Chopera and that American guy in Barcelona – they live there and know what’s really happening.

    • #110983
      DBMarcos99
      Participant

      Again – Keep it up – you really are both entertaining. However it does distract from genuine info we can get here from posters like Chopera and that American guy in Barcelona – they live there and know what’s really happening.

Viewing 44 reply threads
  • The forum ‘Spanish Real Estate Chatter’ is closed to new topics and replies.