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Friday, October 26, 2012

Spain unemployment hits record high at 25 percent

Spain unemployment hits record high at 25 percent

Oct 26, 2012 , 08:04 AM , from yahoo
spain unemployment hits record high at 25 percent
MADRID (Reuters) - One in four Spanish workers were without a job in the third quarter of this year, a record high, and further layoffs are likely to follow next year as more of the country's 60 billion euro program of budget austerity kicks in. The official numbers follow labor unions call for a general strike for November 14, part of growing protests over cutbacks that many believe have done little to combat the crisis and only served to put more people out of work. Data from the National Statistics Institute showed the unemployment rate rose to 25. ...




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