Don't miss

Replay


LATEST SHOWS

ENCORE!

The Best of the 2018 Cannes Film Festival

Read more

ENCORE!

Cannes 2018: and the Palme d’or goes to....

Read more

ENCORE!

Cannes 2018: Lebanese film 'Capharnaum' wows critics

Read more

EYE ON AFRICA

Ebola outbreak in DR Congo: vaccinations to start on Sunday

Read more

MEDIAWATCH

The Royal wedding: Pomp & controversy

Read more

ENCORE!

Cannes 2018: John Travolta brings the mob to the red carpet

Read more

THE WORLD THIS WEEK

Summit or No Summit: North Korea angry over military drill

Read more

DOWN TO EARTH

Could thawing permafrost unleash long-gone deadly viruses?

Read more

FRANCE IN FOCUS

French and noble in 2018: What remains of France's aristocracy?

Read more

Europe

Spain jobless rate approaches 23 percent

Text by News Wires

Latest update : 2012-01-28

Unemployment in Spain shot up to 22.8 percent in the fourth quarter of 2011, the National Statistics Institute reported Friday. Spain is the eurozone country worst hit by joblessness, with 5.3 million people out of work at the end of December.

AP - The National Statistics Institute says Spain’s unemployment figures has surpassed the 5 million mark, with the jobless rate shooting up from 21.5 percent to 22.8 percent in the fourth quarter.

The institute said Friday 5.3 million people were out of work at the end of December, up from 4.9 million in the third quarter.

The figure was lower than the 5.4 million estimated by the finance minister Thursday.

Spain already has the highest unemployment rate in the 17-nation eurozone.

The new conservative Popular Party government pledges new labor reforms to try to halt further job losses.

The economy is expected to slide back into recession this quarter because of declines in GDP in the last quarter of 2011 and the first of 2012.
 

Date created : 2012-01-27

  • SPAIN

    Unemployment rate 'astronomical', says Spanish PM

    Read more

  • MARKETS

    Spain doubles target at first 2012 bond auction

    Read more

  • SPAIN

    Spain unveils tax hikes, warns deficit will rise

    Read more

COMMENT(S)