00:00Which country is creating the most new jobs in the Eurozone?
00:07Spain's Prime Minister Pedro Sánchez recently claimed that his country is responsible for the creation of half of all new jobs in the Eurozone.
00:15Despite all the difficulties that we have found, international and external, Spain is moving, depending on who it is.
00:22We provide the 40% of the growth and half of the new jobs in the Eurozone zone.
00:28But is Spain really creating half of all new jobs in the Eurozone?
00:32Let's see what the official numbers from Eurostat say.
00:35We can see that some 157 million people were employed in the first quarter of 2025 in the Eurozone,
00:42compared to 155 million in the same period the year before, so an increase of almost 2 million jobs.
00:49Spain's employment figures stood at roughly 21,600,000 at the beginning of 2025, up from around 21,100,000 in 2024.
00:59That means an increase of about 454,000 jobs, which constitutes just over 25% of the extra jobs in the Eurozone, not 50%, as Sánchez claimed.
01:10However, it's worth noting that Spain has contributed the most new jobs to the Eurozone in the same period.
01:16Using the same calculations for each of the Eurozone countries, we see that Spain is up top of the list with its 25.3%, followed by France with 24.5%, and then Italy with 20.5%.
01:29Germany with 11% and Portugal with 7% round out the top five Eurozone countries creating new jobs.
01:35Nonetheless, Spain does still rank as having one of the lowest employment rates compared to its total population in the EU, according to the same Eurostat dataset.
01:44This is despite recent reports that its GDP is thriving and outperforming France, Germany and Italy, the Eurozone's biggest economies.
01:54!
01:55Germany with the oil Dude in Europe
01:57!
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