4.9 million people out of work, the government said Friday. The rate was the highest reported by the country since 1997 .
Joblessness during the January-March period jumped 1 percentage point from 20.3 percent at the end of 2010, and adds pressure on Spain as it tries to recover from nearly two years of recession and convince investors that it can handle its heavy debt load.
The country is struggling to shift away from dependence on the construction sector, which supported growth for years until the financial crisis popped the Spain’s real estate bubble, as well as make the economy more competitive and reduce national debt.
AVG for unemployment benefit in Spain is 400 euros per month that . 400 euros X 4.9million = 1.964.080.000 Euros
not easy to get on to the system to get benefit (.(JavaScript must be enabled to view this email address)How to get your own back on red tape this utube going around for long time you njoy
The number of unemployed people in Spain stood at 4,910,200 at the end of March, up about 214,000 from the previous quarter, said the National Statistics Institute, or INE. The jobless rate is now at its highest since the first quarter of 1997, when it was 21.3 percent, although officials have since changed the way they measure unemployment, said an INE official who spoke on condition of anonymity in keeping with agency policy. But the overall number of people unemployed is a record, the agency said.
Germany The German unemployment rate to 7% in May, according to the German Federal up 0.9 on April
Ireland 14.8% , Ireland’s high unemployment rate and austerity measures its government has adopted in connection with the IMF bailout, this new pinch to the jobs . but no jobs growth until 2012 . this been put by untill 2013 Ireland?s unemployment rate in the 17-nation eurozone trails only Spain?s 21 percent . The Central Statistics Office reported Wednesday that nearly 500,000 people claimed unemployment benefits last month in this country of 4.5 million. that 1/5 out of work
UK , UK Unemployment. Labour Market Statistics. May 18 2011 - The unemployment rate stands at 7.7% - down 0.1% 2.5 million out work.(JavaScript must be enabled to view this email address)