June 18, 2013

Spain's jobless just short of 5 million in January

BY: AP Staff Writer FEBRUARY 4, 2013 | MODIFIED: FEBRUARY 4, 2013 AT 4:32 AM
Leave a comment

MADRID (AP) — The number of people registered as unemployed in Spain is bordering on 5 million as the country remains mired in recession.

Labor Ministry figures released Monday showed the registered jobless figure surged by 132,055 in January to 4.98 million.

Spain is struggling to emerge from its second recession in just over three years with its economy battered by the collapse of the once-key real estate sector.

The country's unemployment rate was at 26 percent at the end of the fourth quarter, up 1 percent from the previous three-month period.

View article comments Leave a comment

More from washingtonexaminer.com

From the Weekly Standard

  • Frack to the Future

    Williston, N.D.

    Read More...
  • Downsize Ike

    The beleaguered Eisenhower Memorial Commission holds its next public gathering later this month, and before its members duck-walk into the hearing room, huddled in a hoplite phalanx against a...

    Read More...
  • The Lesson of Kermit Gosnell

    What was the lesson of the Kermit Gosnell trial? Since the Philadelphia doctor was convicted last month of murdering three born-alive infants, two competing viewpoints have emerged.

    Read More...