Posted by: youngragingbull | January 24, 2013

Spain’s unemployment hits record 26.02%

Spain’s unemployment rate surged to a record 26.02 percent in the fourth quarter of 2012, leaving almost 6 million people out of work, the National Statistics Institute said Thursday.

The rate rose from 25.02 percent in the third quarter as the country’s recession deepened.

Over the year, 691,700 more people lost their jobs, the institute said, adding that there were now 1.8 million households in which no one was employed.

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Responses

  1. Wow 26.02% and I thought 10% is bad


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