Unemployment reaches new record high for 2012 year end
Friday, January 25, 2013 @ 9:58 AM
Unemployment figures in Spain reached a new record high of 5,965,400 at the close of 2012, equating to 26.02% of the labour force out of work. According to the latest data published today by the Natonal Institute of Statistics (INE), the number of people unemployed rose by 291,700 (13.12%). In the last quarter of 2012 alone, employment dropped by 363,300 (2.1%). The number of people in employment dropped by 176,000 between October and December, and was especially noticeable amongst those under 25, and by 158,700 compared with the same period in 2011.
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