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…”
Poverty-related issues in the news, from the Institute for Research on Poverty