Spain pays 2,000 million euros a month in unemployment benefits, up 22% from four years ago
Official figures indicate a drop in unemployment; however, rising wages—driven by higher contribution bases—the upward adjustment of maximum benefit ceilings set by law, and the impact of inactive discontinuous-fixed workers (fijos discontinuos) are driving up total expenditure on unemployment benefits. The cumulative bill between January and July—the latest available data—amounts to 14,695 million euros, representing an average monthly outlay slightly exceeding 2,000 million euros. As a result, over the first…
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