Macroeconomy/Finance

Unemployment rate reached 11.8% in July, INE states that 7.9% is due to Covid-19

As of July of this year, the unemployment rate in the country registered 11.8%, one of the highest in the last 30 years. The National Institute of Statistics (INE) states that 7.9% is an effect of the coronavirus pandemic. Among the most affected sectors are construction, fast food service and commerce.

Source: Página Siete