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Spanish Business News

The latest business, economic,property, stock market and financial news from Spain. Keep up to date with what is happening with the Spanish economy, stock market, the economic crisis, the euro zone debt sovereign debt crisis and the Spanish property market.

Spanish jobless total tops 4m
05 October 2010 @ 15:17

The number of registered unemployed in Spain rose for the second consecutive month and topped 4m in September as the tourist season drew to a close, the labour ministry said on Monday.

Spanish unemployment, at 20 per cent of the workforce, is already double the eurozone average. With the prospect of feeble economic growth at best in the months ahead, even the government says the number of jobless is unlikely to fall markedly.

As the Socialist government of José Luis Rodríguez Zapatero struggles to rein in the budget deficit, its popularity has been declining sharply. An opinion poll for the newspaper El País at the weekend showed that the opposition Popular party had a 14.5 percentage point lead over the Socialists.

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