| Author (Person) | Mallet, Victor, Wigglesworth, Robin |
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| Series Title | Financial Times |
| Series Details | 28.4.12 |
| Publication Date | 28/04/2012 |
| Content Type | News |
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The number of people in Spain without work grew by 365,900 or 6.9 percent during the first quarter of 2012, with 5.640m Spaniards out of work, according to figures released on the 27 April 2012 by the National Statistics Institute (INE). Spain’s unemployment rate now stood at 24.44%, some 1.6% more than the last quarter of 2011 and the highest level in almost two decades. The figure is close to the historical peak of 1994, when the jobless rate stood at 24.55%. In the first three months of 2012 Spain entered recession and the government forecast that the economy would contract by 1.7% in 2012. |
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| Countries / Regions | Spain |
