Friday, April 27, 2012

Spanish unemployment hits record 5.64 million

Protesters in Puerta del Sol, Madrid, 29 March

Spanish unemployment has hit a new record high, official figures have shown.

The number of unemployed people reached 5,639,500 at the end of March, with the unemployment rate hitting 24.4%, the national statistics agency said.

The figures came hours after rating agency Standard & Poor's downgraded Spanish sovereign debt.

Official figures due out on Monday are expected to confirm that Spain has fallen back into recession.



Source & Image : BBC

No comments:

Post a Comment