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Spanish jobless hits 12-year high
The number of people out of work in Spain reaches a 12-year high of 11.3%, the worst in the European Union.
Wednesday, 05 November 2008 11:1
As recession looms in Spain, European Union statistics put the jobless figure even higher at 11.9%.
The number claiming unemployment benefit rose by 192,658 to 2,818,026 - the highest level since April 1996.
A severe slowdown in the construction industry has been one of the the main causes of the economic slowdown.
Recent figures showed that the economy contracted by 0.2% in the third quarter compared to the previous three-month period.
Since October 2007, the number of those claiming jobless benefits has risen 37.5%.
On Monday the government set out a plan to help unemployed people who had difficulty keeping up with mortgage payments.
BBC
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