- Nearly a quarter of Spanish workforce is jobless as unemployment levels hit record high
- Francois Hollande holds crisis talks after 'worst week' for bruised party
- Greece may seek Spanish-style rescue of banks as part of debt crisis solution
- Greek unemployment rate hits 23.6 percent in second quarter
- Over a million protesters demand Catalonian independence
- Italian miner slits wrist on live TV to protest mine shutdown
- Spain edges closer to disaster as the euro crisis spreads (and Greece is facing a 1930s-style depression)
- Eroding Social Justice in Spain
- Embattled Spain tries to calm fears of run on deposits at bank
- Spanish banks teeter on brink of collapse
- $2tn debt crisis threatens to bring down 100 US cities
- IMF raises fresh concerns about the Spanish economy
- Spain must make wide ranging reforms, weak recovery-IMF
- More domestic tragedy awaits the Greeks
- Moody's fears social unrest as AAA states implement austerity plans
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Spain's unemployed rate above 25% for the first time - and more than half of young people are out of work
The unemployment rate in Spain is above 25 per cent for the first time - with more than half of young people out of work, new figures have revealed.
Between July and September, 85,000 more people joined the ranks of the unemployed raising the total to 5.78 million, the National Statistics Institute said today.
The figures brought the country's unemployment rate up by around 0.4 per cent to 25.02 per cent.
For those under 25, the unemployment rate edged down marginally to 52 per cent.
Source and full story: Daily Mail (UK), 26 Oct 2012
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Comments
Re: Spain's unemployed rate above 25% for the first time -...
I'm curious if anyone actually believes unemployment statistics, whether good, bad, or whatever.
I don't. It seems to me the situation is always much worse than the corporate media claims.
Re: Spain's unemployed rate above 25% for the first time -...
No. In the U.S. the statistics only count those who are actively looking for work, so those who have come to the end of the benefit and have given up all hope of ever finding work again are not counted. Here in Ireland, they have "make work" schemes and training courses for the unemployed. Once on one of these schemes or courses, the unemployed person magically disappears from the "live register" (the statiscal number of unemployed).