Spain’s economic crisis deepens as unemployment hits 24.4%, By Pan Pylas (AP), April 27, 2012, USA Today: “The hole in Spain’s economy is getting deeper. The government reported Friday that unemployment rose to 24.4% in the first quarter – compared with 22.9% in the fourth quarter – and that more than half of Spaniards under 25 are now without jobs. The bleak employment came one day after ratings agency Standard & Poor’s downgraded the country’s debt. The Spanish economy is in recession for the second time in three years as the damage from a housing bust persists. Foreclosures are rising, Spain’s banks are in worse financial shape and the government’s deficit is hitting worrisome levels. The first-quarter employment data showed that 365,900 people lost their jobs, bringing the number of unemployed Spaniards to 5.6 million. The unemployment rate for people under 25 climbed to 52%, up from 48.5% in the previous quarter…”
Tag: Job losses
Job Losses and Unemployment – Wisconsin
- State posts largest percentage job loss in U.S. over past year, By Craig Gilbert, April 24, 2012, Milwaukee Journal Sentinel: “Wisconsin is the only state in the nation that had “statistically significant” job losses over the past 12 months, according to the U.S. Bureau of Labor Statistics. The state lost 23,900 jobs from March 2011 to March 2012. The majority – 17,800 – were government jobs. But Wisconsin also lost more private-sector jobs – 6,100 – than any other state over those same 12 months, the government data shows…”
- Wisconsin job losses highest in nation for last 12 months, federal report says, By Karen Rivedal, April 25, 2012, Wisconsin State Journal: “Wisconsin saw the largest percentage decrease in employment in the nation during the 12 months ending in March, a new report by the U.S. Bureau of Labor Statistics said. During that time period, while 27 states and the District of Columbia saw significant job increases, only Wisconsin saw ‘statistically significant’ job losses, the report said. From March 2011 to March 2012, the state lost 23,900 jobs, for the country’s largest percentage decrease, at 0.9 percent. Of the 23,900 jobs lost in Wisconsin in that period, 17,900 were from the public sector and 6,000 were from the private sector, according to the BLS…”
Joblessness Among Veterans
Some go extra mile to hire growing pool of jobless veterans, By Gregg Zoroya, March 20, 2012, USA Today: “Thomas Garlic and Steve Castillo found that their time in combat in Iraq and their service in the Army added up to little or nothing when they became civilians looking for work. ‘It was very depressing,’ says Garlic, 26, who lives with his wife and 5-year-old son outside Chicago. He was discharged in 2008 with post-traumatic stress disorder and has been largely jobless ever since. ‘Every time I would go up to bat, I would just strike out.’ ‘When I first got out (in 2008), I had a lot of motivation, a lot of high self-esteem, and everything was good,’ says Castillo, 31, a medically retired Army staff sergeant from Biloxi, Miss. But steady work eluded him as well. He lives on temporary, often-menial labor and an $1,800-per-month government disability check for his combat injuries. ‘We’re barely scratching by,’ Castillo says. As the nation grapples with finding work for its newest generation of combat veterans, job experts say that basic roadblocks persist for those willing to hire them: how to find these veterans and how to train them in new, non-military skills…”