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Unemployment in Spain Tops 6 Million
New figures reveal that unemployment in Spain now affects 6,202,700 people. An increase of 563,200 over the previous year when 5,639,500 people were unemployed. The unemployment rate in Spain has reached 27.16% of the active population in the first...
5,639,500 Unemployed in Spain
Unemlpoyment in Spain has risen by 365,900 in the first trimester, reaching a total of 5,639,500. The unemployment rate in Spain now stands at 24.44% according to the latest figures revelaed Friday by National Institute of Statistics. The number of...
Over 50% Youth Unemployment in Spain
According to Eurostat, 50.5% of those younger than 25 in Spain are out of work. Eurostat notes that unemployment increased throughout the Eurozone and European Union, up to 10.8% and 10.2%, respectively, with Spain registering the highest unemployment...
Unemployment in Spain to top 23% says OECD
The OECD (Organisation for Economic Co-operation and Development) forecasts that the unemployment rate in Spain will continue to rise in 2012 until reaching 23 per cent. On a more positive note, the OECD predicts that the new government will be capable...
Number of Unemployed in Spain on the Verge of 5 Million
The National Institute of Statistics (INE) announced Friday that the number of unemployed increased by 144,700 people in the third trimester of the year. The new figures represents an increase of around 3 per cent compared to the previous trimester. The...
Ibex 35 Drops 14% in November
The Ibex 35 has registered the worst decline since October 2008 when it closed Tuesday, revealing a 14% drop during the month of November. The Ibex 35 closed at 9,267.2 points Tuesday, with a 0.62% drop, which has resulted in an accumulated loss of 14.3%...
New Car Registrations Drop 25.5% in Spain
New car registrations in Spain have dropped to 64,515 units in November according to the latest figures released Wednesday by ANFAC, Spain’s Automobile Producer Association. In the same month last year 82,000 cars were registered, showing a year...
Spain’s Ibex 35 Drops 2.33%
Today’s session closed 222.50 point down, a 2.33% loss, with a final stand at 9,324.70 points. Spain’s Ibex 35 has been on a losing spree lately with an accumulated loss of 7% last week alone and of 13.7% in November. The accumulated yearly...
FT: “Zapatero either very stupid or very brave”
The Financial Times published an article Saturday in the Lex section of the newspaper where it described how Jose Luis Rodriguez Zapatero, “is either very brave or very stupid” given the comments he made about market speculators and their...
