Almost 200,000 people lost jobs between October and December to send the
jobless figure to nearly 6m, Spain's National Statistics Institute reported on Thursday.
Spain's youth unemployment - the number aged 16 to 24 without a job - hit a
new quarterly high of 55pc, but showed tentative signs of retreating after
falling from a peak of 56.5pc in November. Similarly, overall unemployment hit a
high in November of 26.6pc and slid in December.
Meanwhile, the number of households in which every member is out of work
climbed to 1.8m, more than one tenth of all Spanish families.
The report also suggests the long-term unemployed face a tougher struggle in
returning to work, with the number of people remaining unemployed more than a
year after losing their jobs rising by 213,800 during 2012.
The bleak figures - which make Spain home to a third of the eurozone's total
unemployed - will cast a dark shadow over the one-year-old premiership of
Mariano Rajoy, who has faced mounting criticism and a wave of general strikes
over his administration's handling of the economy.
Well there is one comment that comes to mind.....
They think its all over..... It is now..
Now we know why last week we had all the talking heads out telling us how
great everything is.
2 comments:
Spain young jobless rate hits 55%
Spain's unemployment rate jumped to a record 26% in the last three months of 2012, with the rate for young people out of work topping 55%.
France will “roll out the red carpet” for British businesses if the UK opts out of the European Union in an in-out referendum promised by British Prime Minister David Cameron on Wednesday. The quip was a riposte to Cameron who last year used the same phrase to welcome wealthy French tax exiles wishing to flee a proposed 75% top tax band on incomes over one million euros. Fabius also compared the British leader’s plan to the UK joining a football club, then announcing it “wanted to play rugby” instead. “You can’t do Europe à la carte,” he told France Info radio, adding that an exit from the EU “would be a dangerous move for the UK.” Fabius was not the only politician to use culinary and sporting metaphor in reaction to Cameron’s speech in London on Wednesday, in which he promised to renegotiate Britain’s relationship with the EU and put it to a referendum in the next parliament if his party wins another election. German Foreign Minister Guido Westerwelle said that “cherry picking” was “not an option”, while British former EU trade commissioner and veteran Labour Party minister Peter Mandelson said the EU could not be treated as “a cafeteria service where you bring your own tray and leave with what you want.”
Post a Comment