In the 15yrs I’ve been married to a Spaniard and previous yrs spent looking into moving to Spain there has never really been a good labour market in Spain.
Yes many expats managed it, but that was mainly down to Expat migration and the thousands of integrator’s who realised the Spanish don’t really integrate, so set up mini brit ghettos using british goods and services.
The Guardian reported a response to claims that Spain was about to enter the same situation faced in Greece, the report on the 5th of February dismissed this as unlikely, although many of the experts dismissing it agreed that the debt was reaching 75% of GDP.
Even if Spain was to enter a sharp growth period the previous boom was based on a rapid growth in the construction industry, most experts believe that this boom was never goin to last and will never repeat itself, they so far have been proved right.
Spain has always, even in boom times been bottom of the growth charts within the EU, there economy has struggled since Franco days and will probably continue for many yrs to play catch up.
If you add that many of the +4 million unemployed are in sectors unlikely to recover very quickly you may be in for a long wait.
I could be writing a load of bo888cks, I was once told that on another site 12 months before I predicted the ? dropping to 1.05 and the crisis in the EU, I got my info from a friend of the OH who works as an economist in the Junta De Andalucia, but I was told I was a doom monger and full of crap, so no doubt some will continue to tell me that.
I’m not bothered to state I moved to Spain, found it horrendous and moved back, I may not be in Spain but I and my OH speak to friends, relatives in Spain everyday, so my info is not out dated or without substance, in fact we speak to more Spaniards in Spain daily than most Expats in Spain do in a Yr.
I don’t charge for my advice and it could be wrong, do with it as you please, it makes no difference to me.