Also means
stoppage
Usage Note
Paro is the dominant word for unemployment in Spain (estar en paro = to be unemployed); in Latin America desempleo is more common. It also means a work stoppage or strike (paro laboral), so context matters. Cobrar el paro means to receive unemployment benefit.
Examples
"El paro subió durante la crisis económica."
Natural Translation
Unemployment rose during the economic crisis.
Literal Translation
The unemployment rose during the economic crisis

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