Thursday, 6 September 2012

Spanish unemployment rises again towards 25 per cent

SPAIN’S JOBLESS QUEUE grew to 4.63 million people in August, its government said this morning – grim news for an economy suffering nearly 25-percent unemployment.
Snapping a run of four monthly declines, the number of job seekers in August climbed by 38,179 – or 0.83 per cent – from July, the Labour Ministry said in a statement.
The ministry’s monthly tally is based on the number of people registering as unemployed.
A broader, quarterly household survey by the National Statistics Institute provides the official unemployment rate, which hit 24.63 percent in the second quarter of 2012, the highest in the industrialised world.
Spanish premier Mariano Rajoy’s conservative Popular Party government has declared unemployment and economic growth its priorities even as it slashes costs in the midst of recession.

No comments:

Post a Comment