Spain breaks another unemployment record in October; 52% for the under 25

Tuesday, November 6th 2012 - 06:25 UTC

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The number of job seekers in Spain soared to the highest level in at least 16 years in October, the Labour Ministry reported on Monday. As recession deepens the number of officially unemployed jumped by 128,242 people in October which means about 4.83m people were jobless at the end of last month, an increase of 2.7% on September. Read full article

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Ayayay
Free time.
Nov 06th, 2012 - 07:12 am - Link - Report abuse 0
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ChrisR
But anyone with half-a-brain could see the Spanish property bubble. And everyone knows that bubbles burst.

So why the surprise that millions of construction workers were thrown out of work?

I have to feel sorry for the ordinary citizen here, no doubt encouraged by the false indicators, but are now in a dire situation not of their making.

It does seem to me that Rajoy has a rogue minister going against Gib who is not helping with the sympathy vote.
Nov 06th, 2012 - 10:53 am - Link - Report abuse 0
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British_Kirchnerist
Austerity is a disastrous failure for Spain, they should learn from their cousins in Argentina
Nov 09th, 2012 - 12:04 pm - Link - Report abuse 0
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