Spanish jobless rate leaps to 15-year high
29 October 2011
Published at 14:00 Comments (0)
Spain's jobless rate soared to a 15-year high of 21.52 percent in the third quarter of 2011, data showed on Friday, a stinging blow for the government just three weeks ahead of elections.
The towering unemployment rate, up from 20.89 percent in the previous quarter, is the highest since the end of 1996 and the highest among major industrialised nations.
Among 16-24 year olds, the rate was a staggering 45.8 percent, barely down from 46.1 percent three months earlier.
The overall unemployment queue grew to 4.978 million people at the end of September from 4.834 million at the end of June, National Statistics Institute figures showed.
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