Spanish unemployment at new records: 19.3% and 40% for the young

Wednesday, January 6th 2010 - 11:15 UTC

Full article 4 comments

Spanish unemployment rose to the highest in more than a decade in December, 19.3%, capping a year that saw the nation’s jobless rate soar to double the Euro- zone average. The number of people registering for unemployment benefits increased by 54,657, or 1.41 percentage points from November to 3.92 million. Read full article

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h.
the - construction industry- is the most dangerous sector ( most expensive )in the Economies..Countries don't know how should be made ..none of them !
..just are made by groping.!
as a sample : here is the outcome in Spain !!
Jan 06th, 2010 - 04:43 pm - Link - Report abuse 0
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Nicholas
Totally agree with you H. another great example is here in the States.
Jan 07th, 2010 - 05:18 am - Link - Report abuse 0
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h.
Nic ...thanks !
States ?..you mean US !... but the plight is different in US.
population :300 millions.. yearly house (new) building is just 500k..600k..NOTHING...also has many inventories.. ..
-house- is not like a Supermarket Good !!
the problem there have -PONZI Schemes- on the --Existing Home Markets--....and there are no any Financial Sources for the --Mortgage Markets--...-owning a house- is a social statue,adventure,maybe gambling in US .
Jan 07th, 2010 - 06:51 pm - Link - Report abuse 0
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Bubba
Problem is too many Spaniards and not enough jobs...
Jan 08th, 2010 - 03:31 pm - Link - Report abuse 0
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