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Why Spain is Not Greece

Why Spain is Not Greece

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Published by: zerohedge on Aug 05, 2012
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08/09/2012

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•Rapiddownsizingofresidentialsector:output,L(mainlyin
temporarycontracts)

•Rippleeffectsonemploymentinothersectors

20

Unemployment rate

(In percent)

Sectoral employment

12

16

july 2008

sept 2009

dif

%

Total

19.382.121

17.935.095 -1.447.026

(100)

Construction

2.361.177

1.752.157 -609.021

(42,1)

Industry

2.731.068

2.377.211 -353.857

(24,5)

(total number)

4

8

2005 2006 2007 2008 2009

Industry

2.731.068

2.377.211

353.857

(24,5)

Services

13.150.027

12.599.061 -550.966

(38,1)

Sources: Eurostat. Labor Force Survey.

Spain Euro area (16 countries)

13

Sources: Eurostat. Labor Force Survey.

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