bbn.frn.com
Spain's jobless rate hit its highest level in 16 years in the last quarter of the year when the economy contracted again as the number of people out of work climbed above five million for the first time ever, more than a fifth of the working population.
According to the National Statistics Institute's (INE) latest quarterly Active Population Survey (EPA), the unemployment rate climbed from 21.5 percent in the third quarter to 22.85 percent in the period October-December. The ranks of the unemployed swelled by 348,700, while the number of people who lost their jobs during the whole of last year amounted to 577,000. The number of people out of work at the end of the year stood at a record 5.273 million.
No comments:
Post a Comment