Font Size : 12 Punto 14 Punto 16 Punto 18 Punto
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

Markets
  Buying Selling
Euro 2.1169 2.1271
Dolar 1.5465 1.5540
Sterlin 2.3572 2.3695
INTERVIEW
Poll
Which side will be victorious after the Israeli ground operations?
Photo Gallery
Videos