Austerity blamed as unemployment soars in Spain and France, By Phillip Inman and Giles Tremlett, April 25, 2013, The Guardian: “Unemployment has soared to records in both France and Spain as the impact of government spending cuts and a collapse in consumer confidence forced employers to shed thousands of workers. Spain’s persistent rise in unemployment reached new heights over the first three month of this year, leaving a record 27% of the workforce jobless…”
Tag: Spain
Unemployment Rate – Spain
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…”
Unemployment Rate – Spain
Spain unemployment hitting nearly 1 of 4 workers, rises to 22.8 percent, Associated Press, January 27, 2012, Washington Post: “Spain’s brutal unemployment rate soared to nearly 23 percent Friday and closed in on 50 percent for those under age 25, leaving more than 5 million people – or almost one out of every four – out of work as the country slides toward recession. Spain’s National Statistics Institute reported that 5.3 million people were jobless at the end of December, up from 4.9 million in the third quarter – a jump in the unemployment rate from 21.5 percent to 22.9 percent in the fourth quarter. For those under age 25, the rate hit a whopping 48.5 percent, and the institute also reported that Spain now has 1.6 million households in which no one has work…”