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Unemployment in Spain Soars by 61,000 in August
Unemployment figures in Spain have seen a rise of 61,083 in August, the first increase in four months according to a report released Thursday by the Labour Ministry. The 61,083 new unemployed or 1.56 per cent increase brings the total number of unemployed to...
Unemployment Rate Rises to 13-year High in Spain
The unemployment rate in Spain reached a 13-year high in the second quarter, soaring to 20.09 per cent according to the latest figures released Friday by the government. The increase in the unemployment rate from 20.05 per cent in the first quarter...
Number of Unemployed University Gradutes Doubles
According to a recent report presented in Madrid this week, the number of University graduates who are unemployed has doubled between 2007 and 2009, reaching a rate of 9.4 per cent – the highest in Europe. The report also revealed how 3 per cent...
Spain Hopes for Economic Recovery By Cutting Government Spending
The Spanish labor minister – Celestino Corbacho said that Spain’s economic recovery is going to be achieved by focusing on cutting down on government spending. This way, the massive deficit can be overcome rather quickly. “If we cut pensions,...
New labour reform to create 2.37 million jobs in Spain
The Spanish government has estimated that new labour reforms will be able to generate 2.37 million permanent jobs in the country by the end of next year. In the financial report coming along with the decree-law, it has been estimated that 895,723 permanent...
Spain Test Euro to the Limit
While the strongly studded euro economy balances itself on the basis of domino effect, Spain is acting like a key block that will either tear or make the mark, for this single currency (i.e. Euro). Recent news have pointed out that the head of the IMF...
Official unemployment in Spain falls by 76,000
Spain’s unemployment figures fell for the second straight month in May according to official figures released Wednesday. Registered unemployed in Spain was at 4.06 million in Spain at the end of May, 76,223 less than in April, when the unemployment...
Spain announces austerity measures
Spanish Prime Minister Jose Luis Rodriguez Zapatero announced Wednesday new austerity measures in an attempt to calm the markets and save Spain from a total economic collapse, which could potentially lead to a major instability in the eurozone. Economic...
Andalucia suffers worst unemployment figures in Spain
Demonstration in Sevilla, Andalucia Unemployment figures in Spain have become a nightmare not just for the government which is on the brink of economic disaster, with investors fearing a debt crisis similar to that of Greece, but also for the workers...
